Nasdaq broke the falling structure last week towards the upsides, we saw the price come back down to retest the previous structure and then went back up. We have come to a very strong resistance area 13079, which really needs a break for the market to continue. For the bulls a break of 13079, nasdaq will continue to 13320-13885.
However if market does fail to continue going up we can see price come back to the strong support area of 12767. A break of this level will get the bears back and we can see price coming down to 12500-12241
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However if market does fail to continue going up we can see price come back to the strong support area of 12767. A break of this level will get the bears back and we can see price coming down to 12500-12241
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