Just in time for the start of spring, the nasdaq floret has sprouted upwards from the depths of the orange soil between 12722 and 13948 points and has broken through the crust. We expect it to thrive and prosper further and stretch its leaves up to the resistance at 15152 points. From there, it should have caught enough rays of sunlight to grow even above the next resistance at 16569 points.
However, there is still a 35% chance that nasdaq could wither prematurely and fall down below the support at 12207 points.
However, there is still a 35% chance that nasdaq could wither prematurely and fall down below the support at 12207 points.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.