Nasdaq

On the daily chart, we can see that after the breakout of the consolidation around the key 13174 support, the Nasdaq Composite surged to new highs and continues to rally with almost no pullback towards the top trendline around the 13800 level. That’s where we can expect the sellers to step in with more conviction and a better risk to reward setup to position for a drop into the lows and targeting a break below the 13174 support.