Nasdaq held resistance level
set by previous weeks highs at 7539. Buyers also stepped in (indicated by the bullish
candles holding the trend line
) helping trend upward in the formation of a wedge
. We could possibly see the Nasdaq make more new highs if it can hold the level at 7613. A break of that level could lead to a period of consolidation to where the market could either break higher or fail and break below the 7539.