We Got A Bounce, But Can It Stick? π The Chart Report
Chart of the Day
π Today's Chart of the Day was shared by Yuriy Matso.
After closing at its lowest level of the year on Friday, the Nasdaq gapped higher to start the week and finished the session up over 1%.
The Nasdaq continues to hold support near 24,000, with a move back above 26,000 potentially signaling the next leg higher.
Momentum is also beginning to improve as the Relative Strength Index made a higher low, suggesting selling pressure may be fading.
The Takeaway: If support holds, 26,000 remains a key level to watch, with a reclaim signaling buyers may be regaining control.
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