NASDAQ uptrend continuation
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NASDAQÂ is testing the long-term uptrend support and horizontal 15500. We briefly touched 15100 this month and bounced off it strong. A continuation above 15500 will mean another test of the 16000 before a possible reversal.
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The weekly chart shows a strong bounce continuation from 15100 and a break above 15400 again. This weekly close above 15400 is a strong indicator that a downside reversal that we expect does not have the required strength. A break below 15000 will alter this view.
 
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