Technical analytics

Nasdaq

It seems nothing can stop buyers who keep conquering new highs. The recent rally stopped at the round level 6000 which slowed down bulls' advance. NASDAQ just pierced the hurdle and lost momentum rolling back below the line. The benchmark started a week with a gap downwards. The price jumped from 6000 to 5960 where the index spent the day. The resistance lies at 6000, the support exists in at 5960.

We believe the index will stay for a while around the current support. Taking into consideration the overbought readings the benchmark may ease to the 5960-5940 region in the coming sessions.