NASDAQ bouncing off 11500
NASDAQ upside swing consolidation seems to be finished and we are expecting an extension higher to significant 12400 long-term resistance. A break above this resistance is required for a complete upside reversal and a test of 13500. Short-term for the move higher NASDAQ is supported by the 11500-11600 zone and we continue to look higher from here.
Note: look for the long trade with the stop loss below 11600
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