NASDAQ (NDX):
The price continues to trade around this internal demand level after successfully rebalancing below the 50% mark on the Fibonacci tool.
A closer look at the technicals shows that the price appears to be trapped between ascending and descending trend lines, which are currently acting as key support and resistance levels. I’m eager to see if we can break above and push toward new all-time highs, provided we hold above this descending trend line.
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