Current price: 29770
Key point: 29670
Our preferred strategy: Buy positions above 29670 with a first target of 29900 and then a second target of 30100.
Alternative scenario: Stop loss and trend reversal upon breaking the 29600 level, targeting levels of 29340.
Technical commentary
The Nasdaq continues to rise and form new historical highs, currently stabilizing above the support level of 29670 and above an upward trend line, targeting the previous historical high of 29900. If it breaks through this level, it will head towards the 30100 level.
