Nasdaq Big picture

NASDAQ:IXIC   Nasdaq Composite Index
253 0
Nasdaq still moving up. We had a nice rebound from the bottom of the (steep) yellow channel. We just hit first major resistance: top of the blue channel. Even if price hits the next resistance - top of the yellow channel - we will probably observe a price to indicator divergence.
Momentum is still quiet strong... and don't forget that this is a weekly chart. Therefore one should consider the next resistance levels - colored arrows.
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