NASDAQ Has Reached Key Resistance
NASDAQ Has Reached Key Resistance
The NASDAQ 100 has been on a tear, appreciating non stop since August. We are now testing the confluence of the ascending wedge’s T/L resistance and the 127% extension of the summer correction at 21755. We are not advocating for a fade of the trend but perhaps we can see a bit of pullback from current levels back towards the 21200 area. Alternatively a break higher targets 22258 next.
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