NASDAQ bounce off 10500
NASDAQ needs to overcome 11000 for a medium-term uptrend reversal. A bounce off 10500 is a clear reversal signal and it is a confluence of the Fibonacci retracement support, horizontal support, and long-term wedge support. A break above 11000 will lead to a significant upside reversal acceleration and a run into 12500.
Note: look for the long trades with a stop loss below 10500
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