Hello Everyone,
Nasdaq has had a strong bullish rally over the last couple weeks. As we approach the end of the month, we are now approaching the bullish channel centre trendline which is also previous month highs where price will most like reach and then fall.
I expect prices to reach 15268 area by end of today/tomorrow. From there price will come down to areas of 14708, if this area is broken price can come further down 14094 (which is more realistic as its the retest of the broken trendline) From the price will push back up again.
Nasdaq has had a strong bullish rally over the last couple weeks. As we approach the end of the month, we are now approaching the bullish channel centre trendline which is also previous month highs where price will most like reach and then fall.
I expect prices to reach 15268 area by end of today/tomorrow. From there price will come down to areas of 14708, if this area is broken price can come further down 14094 (which is more realistic as its the retest of the broken trendline) From the price will push back up again.