There are 3 very important things we must mention with the nasdaq analysis below.
1) Holiday reversals this week have creating lower than average volume buying.
2) There is a gap that has not been filled yet in the 2860 - 80 area.
2) Stochcastics on the hourly chart are suggesting we are VERY overdone or quite overbought in the short term and this might create some pressure on stocks and indices in the next few days.
nasdaq analysis is hinting that the last several weeks we have not seen 4 days in a row of buying, and this might attract some sellers or profit takers in the short term.
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