(CercleFinance.com) – The Nasdaq rebounded from 11,100 on May 24: 3 sessions later, it recrossed 12,000 (12,020) and garnered almost +1,000 Pts in 3 less than 24 hours of continuous quotations.
Over the week, the floor of 11,350 of 05/11 and 20 was preserved, which preserved the chances of a rebound.
The Nasdaq appears to be heading for a retracement of the ex-zenith of 12.055/12.060 on 08/31/2020.
If it ricochets below this level, it could start a new corrective phase towards the floor of 10.615/10.630 of September 23, 2020… but the best point of support would then become the former historical zenith of 9.820 of 20/ 02/2020.
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