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Back Technical analysis
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Back Technical analysis
Nasdaq Index (September 24): Targeting New All-Time Highs
The daily chart for the Nasdaq
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The daily chart for the Nasdaq index (#NDX) shows continued trading within a strong, positive upward trend. The price is currently trading at the 30,365.8 level, holding firm above key pivot points and major resistance levels following a distinct bullish surge.Technical Analysis and Price ActionOverlapping Price Channel Structure: The index is moving within a primary ascending channel (blue) and a secondary ascending channel characterized by accelerating momentum (pink/red). After establishing a strong pivot low near the first monthly support level
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