NASDAQ index trades to a new session high

Up 1.68% on the day

the NASDAQ index is trading to a new session high. The price just reached 13291.25, up about 1.68% on the day.  

Looking at the hourly chart of the NASDAQ index, the price is approaching its 100 hour moving average at 13306.92. The 50 hour moving averages a little higher at 13361.22. Those moving averages may give the buyers some cause for pause and sellers an opportunity to lean against a resistance level.  Be aware.

NASDAQ index on the hourly chart

The S&P index and Dow are lagging behind although the S&P index is making new session highs as well.