A quick look at the FAAMG (FB, APPL, AMZN, MSFT & GOOG) stocks that have led the Nasdaq 100 to its recent highs & where they are trading in relation to Wednesday’s technically significant (as resistance) gaps, along with some other key technical levels to watch via the 15-minute charts.

With the exception on AMZN, which is currently testing last Tuesday’s all-time reaction high, the market leading FAAMG stocks have yet to move above last Wednesday’s gaps. Until & unless those gaps are backfilled & then taken out we could still be in the latter stages of a near-term oversold relief rally vs. the early stages of a breakout to new highs in these market leading stocks as well as the broad market. With less than 30 minutes left in today’s trading session, this battleground between the bulls & the bears will likely be continued tomorrow.