Nasdaq Under Strong Pressure of Uncertainty. See Where it Will Go Next

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We see a fairly strong bullish trend within the yellow channel. Apparently, the bulls have a good potential, so in the next trading days, we could expect the NDX100 to rise to the intersection of the upper yellow and green bounds and the resistance level of 8527.

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In case the bulls start to exhaust their potential and the bears get control over the price movement, they may want to direct the price to the support level of 7691, which is on the lower bound of the green channel. Confirmation that the price has headed to this price level will be the break of the lower bound of the yellow channel and support of 8147.

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