Current price: 24680
Key point: 24570
Our preferred strategy: Buy positions above 24570 with a first target of 25000 and then a second target of 25375.
Alternative scenario: Stop loss and trend reversal upon breaking the 24500 level, targeting the 24200 level.
Technical commentary
The Nasdaq fell this week from resistance levels of 25375, below the 200-period moving average on the four-hour chart, reaching key support levels of 24570-24650.
If the 24800 level is broken upwards, the index will then head towards the 25000 level and then the 25375 level again.
