nasdaq daily

NASDAQ

For traders and near term traders,
support of 13782 is critical.

For traders a fall and close below 13782 can lead to a false breakout story.

For positive momentum to maintain,
Nasdaq must remain above 13782 and expect rise towards 14901.

Even if correction is witnessed below 13782.,

It will create a higher bottom agains the earlier swing bottom of 12627.

As per monthly chart, Nasdaq has the tendency to move higher with intra-month volatility correction.

But if higher low and higher high on monthly is witnessed then rally continues with momentum on monthly.