Nasdaq 100 Futures Rally Above 200-Day Moving Average to Test 28,000 Resistance
Nasdaq 100 futures (NDX) experienced a significant rally of 1.9%, reaching 28,263.12 during Wednesday morning trading. This upward movement has pushed the tech-heavy index above its critical 200-day moving average, signaling a potential shift in medium-term momentum. The advance is currently testing key overhead resistance levels just above the 28,000 mark. Market participants are reacting to strong corporate earnings results and optimistic forward guidance from major constituents, which has provided the necessary tailwinds for this pre-market recovery.