NASDAQ is supported for more upsideÂ
NASDAQ is breaking higher above 11600. In this way, Nasdaq is confirming a swing higher inside the long-term downside channel targeting the most important upside resistance of 12500 which is also the downtrend channel resistance. A break above 12000 would lead to an acceleration of this swing higher.
Note: look for the long trade entries with a stop loss below 11600
“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn
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