Current price: 15490
Key point: 15517
Our preferred direction: selling positions below 15517 levels, targeting 15132 as the first target, then 14870 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 15517 level, targeting 15630 levels
Technical commentary
The US Nasdaq index is moving in an upward direction on the daily frame from the bottom of last month, where it rebounded from the 14200 support levels, which correspond to the 200 moving average.
The index broke the downward trend line from last July’s peak until it reached the resistance levels 15517-15625.
It is expected that it will have some downward correction to levels of 15132 and then continue the rise again
