US100 fell more than 1%

4:45 PM 2 March 2021

Positive mood prevailed during the European session, however sentiment deteriorated after the US open. The main US stock indices are trading lower and the technological Nasdaq (US100) fell more than 1.0%. Looking at the H4 interval from a technical point of view, one can see that index temporarily broke above the resistance at 13,275 pts marked with upper limit of the 1: 1 structure and 50% Fibonacci retracement. However buyers were not able to break above the EMA 100 and the price pulled back. According to classic technical analysis, a deeper pullback cannot be ruled out. The nearest support to watch lies at 12773 pts.

US100 interval H4. Source: xStation5
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