Current price: 25825
Key point: 25700
Our preferred strategy: Buy positions above 25700 with a first target of 26255 and then a second target of 26600.
Alternative scenario: Stop loss and trend reversal upon breaking the 25600 level, targeting the 25400 level.
Technical commentary
The Nasdaq index managed to break through the resistance level of 25700 and form a new record high at the levels of 26255. Currently, it is retesting the support level of 25700, and it is expected to resume its rise to the levels of 26255 and then the levels of 26600.
