Nasdaq: Way to Go!
Nasdaq seems to profit from spring fever if its upwards push is anything to go by. The tech index is putting its last low further and further behind, heading for the resistance at 15152 points. We expect it to cross this mark and to continue the ascent above the next resistance at 16569 points – if it can keep up the current momentum. However, if nasdaq can not sustain its motivation and drops below the support at 12942 points, our alternative scenario becomes more and more likely. There is even a 30% chance that the index could fall below 12722 points and deeper into the yellow zone between 12894 and 11698 points.
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