NASDAQ is pressing against the top of a freshly formed channel in line with its long-term uptrend. A break and close above could trigger new all-time highs, but a pullback to retest the channel or trendline first remains on the table. Both scenarios offer strong trade setups.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.