Nasdaq - It All Comes Down To This Month!

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Nasdaq (NDQ) is at a crucial breakout level:



Click chart above to see the detailed analysis👆🏻

The Nasdaq rallied an incredible +25% over the past couple of months and is now actually also breaking a major resistance trendline towards the upside. This could still turn into a false breakout but if it doesn't, we will most likely see a flourishing stock market year of 2025

Levels to watch: $21.000, $28.000

Keep your long term vision,
Philip (BasicTrading)

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Trading update on Nasdaq (NDQ):



Click chart above to see the detailed analysis👆🏻

After dropping more than -3.5% today, the Nasdaq is actually starting to show some real weakness lately. However this does not mean that the breakout setup is invalidated. We just have to monitor price action quite closely and see whether this weakness will turn into something more dramatic or not.

Levels to watch: $21.000, $28.000

Keep your long term vision,
Philip (BasicTrading)