The Nasdaq is very near the ideal technical position to make a weekly high.
Today’s high (Feb. 11) is just a few ticks below two key resistance and EOW price levels.
Do you know what they are? If you’ve read the book you do.
Should the high to a temporary high in a larger degree bull trend or a corrective high followed by a resumption of a larger degree bear trend?
Which one and why?
What if the daily closing signal that would indicate a corrective high is complete?