Nasdaq held resistance level set by previous weeks highs at 7539. Buyers also stepped in (indicated by the bullish candles holding the trend line) helping trend upward in the formation of a wedge. We could possibly see the Nasdaq make more new highs if it can hold the level at 7613. A break of that level could lead to a period of consolidation to where the market could either break higher or fail and break below the 7539.