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.
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.