Just in time for the start of spring, the nasdaq floret has sprouted upwards from the depths of the orange soil between 12722 and 13948 points and has broken through the crust. We expect it to thrive and prosper further and stretch its leaves up to the resistance at 15152 points. From there, it should have caught enough rays of sunlight to grow even above the next resistance at 16569 points.
However, there is still a 35% chance that nasdaq could wither prematurely and fall down below the support at 12207 points.
However, there is still a 35% chance that nasdaq could wither prematurely and fall down below the support at 12207 points.
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📊 Free daily market insights combining macro + Elliott Wave analysis
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🚀 Spot trends early with momentum, sentiment & price structure
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