6 Apr 2021 ● 05:38 AM
The NASDAQ 100 is taking off with Gaps, which can sometimes be typical of 3rd waves. The initial bounce back from 5 March was not giving confidence on the upper trend but as it continues we should consider whether this is wave 3 of 3 in line with what we are able to see in most markets.
The immediate support for the NASDAQ would be at 13,255 and the next major resistance would be at 14,300 near the trendline of the last 2 highs. If this is wave 3 of 3 then it can go as far as 15,500 where 3=1