Nasdaq Current Trend Analysis [5-24-21]

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Trending up currently. Nice entry earlier today.

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ملاحظة

The market fell today right to the bottom of this trend channel. I'm seeing some divergence on the MACD though, so there is a possibility that it breaks below the trend channel. However, with the momentum that it has been pushing up with from mid-last week until today, it is also possible to continue up. If it does, then we should see it move towards the top of this channel. Will be watching and tracking it as it unfolds...