3 min readNASDAQ (NDX):
The NASDAQ has finally broken into new all-time highs (ATHs), showcasing growing strength. This index appears to be gaining momentum and currently outpacing the S&P 500.
Examining the technicals more closely, it’s evident that the price has held firmly in the resistance-turned-support region, aligning perfectly with the 50% level on the Fibonacci tool, where price rebalancing occurred. Currently, the RSI indicator does not suggest overbought conditions, but I’ll be monitoring it closely for any further signals.
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