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Nasdaq

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Nasdaq is showing a correction pattern after a previous upward movement. The price closed below the old support zone and was rejected, confirming a resistance zone at 25,923.4.

The loss of this support reinforces the continuation of the corrective movement, with a projected drop towards the next support zone at 25,569.8, a point where there is convergence with the previous low and a potential area for absorbing buy orders.
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We opened the week with strong buying pressure, pushing the price above the 50% Fibonacci level, indicating strong buying momentum. These levels will remain high throughout the week. Happy trading!

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