You can see what the Nasdaq has been doing for the past few days - nothing.
There is serious overhead resistance. Unless it breaks through the easiest path is a 61% retracement and fill the gaps below and try again.
Again if the trendline get broken all bets are off.
Nasdaq is better at filling gasps better the SPX.
Note
This is resistance was broken this afternoon, there is still resistance about 90 points higher.Note
I just noticed the previous resistance became support at the close
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.