The Nasdaq rally was also supported by FANG leaders Alphabet ( GOOGL ) and Facebook ( FB ) which started to gather some momentum.
In our previous analysis, we correctly forecasted the price to hit the resistance target.
For this week, we anticipate a correction that can push the price towards the that we highlighted on the chart, before resuming the . If that area is broken, then we expect the price to reach the blue trendline and bounce back towards new record-highs.
Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move