Nasdaq Hits the All-Time Record! What’s Your Move?

Bulls continue creeping slowly up inside the yellow channel. It is quite possible that the upper green bound and the nearest resistance level of 8554.6 will be reached in this way.

In favor of this is the fact that the price for a long time was above the moving average, and crossed it only briefly. This may indicate good bullish potential and a possible continuation of growth.

However, if we see that the market has gone beyond the yellow channel and the bears have broken through the support level of 8285.9, the way may open for them in the direction of the lower green bound and the next support level of 7744.2.