However, for a sustainable run up, bulls need:
- breakout the resistance, which is drew here yesterday.
- Holds well above the new support line.
For the next rally up, if it comes as planned, I expect a new high high than 1879.92.
We have pointed out before the bears target in NASDAQ is about 1770, namely, filling the gap. So far this goal is achieved.
My target of QID at 35 also becomes true today. So I took profits on QID once it is above 35. I believe I have the opportunity to buy it back at lower price later. Here is the link where I increased my target of IQD from 34 to 35.
QID gap up and run tomorrow, you sold it at 35, too cheap
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