Price of NDQ is nearing a trendline formed by the dotcom bubble and November 2021 high. This zone could repel price, big drops can be expected if we breach the price of 16249.19 on pullback. For now bystanders are needed to enter, unless a clear cycle failure best not to stand in the way of exuberant bulls.
Kommentera:
NDQ closed the week with a spinning doji candle and below the dotcom trendline, if the resistance maintains strength we can expect continuation of downward move.