The NAS100 hit the bottom long term support trendline that also coincides with retesting support after breaking out of the rising wedge (S&P500 did a similar move in 87 after breaking its longterm wedge). It's still forming an even steeper rising wedge (likely to break to the upside as well). We should be on our way back up to the resistance in this wedge at 9100 next year around September.
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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.