Nasdaq 100 ready to breakout? Other indices hanging on.
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidU3bTG7cLh0n6JA0GhF7gG860EOjl7B5KAUUI_VOnBrI8y8j-5Bi6OlLkIq3OaO1OfX_k8bmhoyO56JEUcGNRtxLHhfIah_3SaY4dw6dwCGtlWLxWX0g7FPeMEbVfFpSvxXv7/s1600/NDX_Sep20b.png)
The Nasdaq 100 is the one index which looks ready to break higher as it pressures the August 'bull trap'. While Friday ranked as higher volume selling - technical distribution - the loss was small and the index continues to push against resistance. Technicals are mixed with a 'buy' trigger in the MACD offset a weak 'sell' in On-Balance-Volume. The main positive is the surge in relative performance against the Russell 2000.