#Nasdaq After lingering long enough at our big red box resistance, we finally reached our first target following the election results and set new #ATH. 🎯

You can see in the LTF chart that the price got reaction exactly on the target pinpoints I gave.

There is no negativity in the technical outlook. The RSI is in the overbought region in LTFs and since we have already reached the target, we may see small corrections here. It already left a big GAP at the opening and it may be desired to close these gaps in possible corrections.

The only issue that could spoil the positive outlook is tomorrow's interest rate decision and #Powell's speech afterwards, but I don't expect any negativity.

#Ndx #Ndq #US100 #StockMarket #Stocks #USEElections #USElection2024 #FED #FRED #FOMC #ratecuts #Powell
#nasdaq
#Nasdaq #ATH