The uptrend continues this week, will NASDAQ hit 1900 soon ?or before that, the market need a correction ? That's a question for us to think over the weekend. Isn't it fun ?
Here are some observations and informations from the charts.
From the weekly chart:
- a higher high is possible.
- so far the major correction happened when the upbound of the channel is touched
- The bulls support levels have not be broken down yet
- 1900 seems very possible in the near future
- 1770 is still the key support level for Bulls at this time
Additionally, Euro crashed a little, will this finally affect the US stock market ? absolutely. previous study is here, let's see this time.
