Description
⋅ 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.