Nasdaq analysisTecnical analysis:
We can see several saw teeth throughout the trend, the price trying to reach lower levels and bouncing off the ema 200. After having exceeded the previous historical maximum that corresponds to the upper zone of the purple zone, we can see how the price has gone down there and bounced in that area. We can see a very important bullish volume that drives the price as soon as it enters that support zone.
It seems that a high demand accumulation zone is forming on top of the purple zone which is a high demand zone. We could have two results: Breakage of the purple zone that leads to a decline in search of lower buy prices or rebounds in that zone that drive price up.
Fundamental Analisis
Based on the fundamental analysis I would lean more towards bullish momentum. We are in the month of December characterized by the Christmas rally, we are also in the week in which we will have the Airbnb opv one of the most anticipated opv of the year by investors.
We have the introduction of tesla in syp500 this month making it the largest company in the index. To end the fact that an end to this pandemic is already seen with the vaccines and the stimuli that are being revised of 908 billion dollars, it is news that could drive the stock markets higher during at least the month of December after taking almost 3 months of a bearish NASDAQ when this has always been characterized as an index with great bullish power
