NASDAQ has broken through the key resistance confirming a two hour inverse head and shoulders as the vehicle to break the broadening wedge to the upside. Price is supported by the 8 EMA on the 5 min with what looks like an Algo short-covering (profit taking) signature.
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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.