Global stock markets continue to recover from last week's declines on Tuesday. Following a drop below the 200-period moving average on the H4 interval (green line), US100 has managed to find support at the zone ranging above 12,740 pts. US tech index rallied almost 5% from this area and is now approaching resistance zone at 13,385 pts. Breaking above it would mean painting a higher high in recent short-term downtrend sequence and could herald a bigger upward move on the horizon. Two key earnings reports from the US tech sector will be released today after the close of Wall Street session - Alphabet (GOOGL.US) and Amazon (AMZN.US). Solid releases could support sentiment towards the sector and provide some fuel for US100 bulls.
US100 recovers from last week's declines and approaches resistance zone at 13,385 pts. This is the final hurdle blocking the way towards all-time highs from late-January (13,600 pts area). Source: xStation5
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