Current price: 29510
Key point: 29000
Our preferred strategy: Buy positions above 29,000 with a first target of 29,675 and then a second target of 30,000.
Alternative scenario: Stop loss and trend reversal upon breaking the 28700 level, targeting the 28200 level.
Technical commentary
The Nasdaq is still in a strong upward trend and managed to rise after its decline from the 28700-28500 levels, breaking through the 29375 levels. It is expected to reach its historical peak again at the 29675 levels, and then if it breaks through them, it will launch towards the 30000 levels.
