NASDAQ on a tear
Updated
Before it was a question of the Nassie holding support at 13000, which it did, then breaking it's downtrend and holding above 13300... which it did.... and then it was a question of it needing to break resistance zone and selling pressure around 13600, which it's done. AMAZING.
With so much gapping up, the best case scenario before anything more would be a little consolidation around this region, showing that this move has got some good weight behind it for making a move for new ATHs.
Regaining it's 50 day SMA is very good, and as it can be seen previously when it 'double dipped' below, it then proceeded to channel upwards for an extended period of time. Does the same way it's 'double dipped' below the 50 day SMA recently, mean that this could now be headed for another period of excellent gains?
With so much gapping up, the best case scenario before anything more would be a little consolidation around this region, showing that this move has got some good weight behind it for making a move for new ATHs.
Regaining it's 50 day SMA is very good, and as it can be seen previously when it 'double dipped' below, it then proceeded to channel upwards for an extended period of time. Does the same way it's 'double dipped' below the 50 day SMA recently, mean that this could now be headed for another period of excellent gains?
Note
Last few days consolidating some support:Note
It's been an insane week really. Note
Think a little breather inevitable today. 
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