NASDAQ reversal from the long-term support

NASDAQ bounce off 11200

 

NASDAQ  is reversing higher from the June low and uptrend line support 11200. This bounce off this level is opening an upside rally to 12000 or even higher. A break above the 11600 will lead to an acceleration higher.

Note: look for the long trades with the stop loss below 11300

 

 

NASDAQ reversal higher

 

 

 

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