VasilyTrader

Nasdaq Index (US100): More Growth is Ahead

Long
CAPITALCOM:US100   US 100

NASDAQ Index broke and closed above a neckline of a cup and handle pattern
on a daily, following the yesterday's CPI report.

Taking into consideration, that the index is trading in a strong bullish trend,
that violation will most likely trigger a strong bullish wave.

I will expect growth to 15600.

For entries, consider an occasional retest of a broken neckline.

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