Nasdaq extends recovery to an 8-week high

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Nasdaq extends recovery to an 8-week highUS Tech 100 CFDFOREXCOM:NAS100FOREXcomThe Nasdaq 100 has extended its recovery from the 22,780 low, breaking above descending trendline resistance and reclaiming the 200-day moving average, reaching around 25,500 — a level last seen in early February. Momentum indicators remain supportive, with the RSI pointing to further upside while still below overbought territory. A sustained move higher could target 26,200 and potentially fresh record highs. On the downside, support lies at 25,000, followed by the 200-day SMA near 24,600. A break below this zone would expose the 24,000 level, which aligns with the March lows and trendline support. FC