Current price: 26700
Key point: 26400
Our preferred strategy: Buy positions above 26400 with a first target of 27000 and then a second target of 27300.
Alternative scenario: Stop loss and trend reversal upon breaking the 26200 level, targeting the 25900 level.
Technical commentary
The Nasdaq is still moving in a strong upward trend after forming a new historic high last week, and as long as it holds above the 26400-26200 levels, the index is expected to continue rising to the 27000 levels and then the 27300 levels.
