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NASDAQ BULLISH OUTLOOK

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The trend of NASDAQ seems to continue, despite a resistance that is forming around 13250 mark. The instrument had tried few times to breach it, and currently is trading above it, but the breach is still not significant and might revert.

The technical indicators, though suggesting that NASDAQ still has steam to continues it upward movement, with RSI above the 50 neutral line and the fast MACD line crossing the slow MACD line and the histogram reaching positive territory.

If the breach of the resistance turns out to be genuine, the instrument might reach levels of 13740. In the opposite scenario, if the price reaches 12800, it might pivot and continue its decent.

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