NASDAQ bounced from the highs of October, November 2020, which is now support. Focus this week is on the previous week’s high at 13 118, if the index breaks above that, it will be a signal for further upside toward 13 312, which is an important level to watch. Break above 13 312 will resume the daily bullish trend and can send the price toward the previous high t 13 879.
On the other hand, if the price break below the previous low at 12 208, it will resume the daily bearish run and send the price toward 1.272 FIB extension around d11 880 and second toward 1.618 FIB extension at 11 500.
Monthly chart:
Weekly chart:
Daily chart:
