After three days of declines, the Nasdaq is up 100 points today

After closing the previous trading day at 12,000, the Nasdaq went up to 12,100 only to drop back; still positive overall today, now trading at 12,100.

Nevertheless, highly important Initial Jobless Claims data from United States beat analyst expectations of 200,000 with a reading of 228,000. Highly important Crude Oil Inventories data from United States beat analyst expectations of -2.33 million with a reading of -3.74 million.

At the same time, United States ISM Non-Manufacturing PMI (Mar) came out at 51.2, while a consensus of analysts was expecting 54.5.

The MACD is significantly above its signal line, which suggests the market is running out of bullish momentum and could revert to a negative outlook as bears regain control. The Nasdaq's upper Bollinger Band® is at 12,219, this is a slight indication of a slowdown. Despite this, the Nasdaq broke through the 12,078 resistance, climbing 10.67 points above it.

Technical analysis suggests there could be an imminent reversal for the Nasdaq.

The Nasdaq shows positive signs, other assets are also on par: FTSE moves up 1.03% to trade around 7,741.56.

Meanwhile, KOSPI Composite Index closed at 2,459.23 (down 1.44%). Nikkei is down 327.37 points from the beginning of the session and now trades around 27,473.

Also worthy of note, United States Non Farm Payrolls projected to decline to 239,000 while previous data was 311,000; data will be released tomorrow at 12:30 UTC.

Furthermore, the market is looking at United States Unemployment Rate figure is projected at 3.6. It previously stood at 3.6; data will be released tomorrow at 12:30 UTC.

The Nasdaq now trading 16.42% above its 3-month low of 10,200.