Current price: 28750
Key point: 28700
Our preferred strategy: Buy positions above 28700 with a first target of 29260 and then a second target of 29700.
Alternative scenario: Stop loss and trend reversal upon breaking the 28550 level, targeting the 28200 level.
Technical commentary
The Nasdaq index reached the pivotal support levels of 28700-28550 and is expected to resume its upward movement to the 29260 level. If it breaks above this level, it could head towards the 29700 level.