NASDAQ 1H Chart Outlook
NASDAQ is currently in a channel and has room to push to the upside. We took out the previous weeks high and came back down for a retest and began to push up again. for now we follow the trend. Should price drop out of this channel to the downside, It could be headed down to a demand zone. Should the demand zone fail, price will begin to pull further down targeting previous daily lows. We are very much still bullish long term but price has recently taken out the previous all time high, just something to take a mental note of.
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