Nasdaq 100 outlook: Possible breakout as bulls battle to retake the critical 30,195 level

The Nasdaq 100 (NDX) last traded at 29,538, up 1.2% on the day. On the daily chart, the 20-period, 2-standard-deviation Bollinger Bands remain compressed: upper band near 30,280, midline at 29,443 and lower band near 28,600.