Nasdaq up over 1.5% on the day
The NASDAQ index continues to march higher. It is currently trading up 217.29 points or 1.56% at 14136.28. For the trading week, the index is up close to 3.5%. That represents the largest gain since March 13, 2013 trading week.
Looking at the weekly chart, there were a number of highs and lows around the 14178.66 level going back to February 2021 to October 2021 (see red number circles 1-5 on the chart above). The high price today has reached 14145.21. That area may give some traders some cause for pause with a break leading to more buying (stops).
This article was originally published by Forexlive.com. Read the original article here.