NASDAQ 100 Technical AnalysisThe Nasdaq 100 has pulled back to 28,500 support after rejecting 30,000, still above both EMAs. This is a market that I think continues to be very noisy, but it looks like it is trying to defend the overall consolidation area. The S&P 500 is bouncing from a trend line of the ascending triangle that it has been trying to form. As it is in an ascending triangle, a lot of traders may be looking for a bit of upward pressure. If you'd like to know more about technical analysis and how traders use it, please visit our educational area.