NASDAQ 100 retest of 6,000 may depend on Apple Event Trading

The NASDAQ 100 has a big round number test underway today at 6,000 which could end in a double top or a breakout. The result of the test may depend on today’s action in the index’s largest component, Apple, and how traders react to Apple’s product launch today. After leading the index upward in August, Apple has started to falter in September a potentially bearish omen. Meanwhile the RSI has been sending mixed signals about momentum.