3 min readNASDAQ (NDX):
The indices markets have also shown a strong rally following the U.S. election results. We are currently trading above $20,000, up over 1.3% for the day.
A closer look at the technicals shows that we briefly dipped below this internal ascending trend line before resuming an upward trajectory. Now, the question is: can the NASDAQ reach new all-time highs? We’ve observed a significant divergence between the S&P 500 and the NASDAQ, with the S&P 500 already breaking into new highs. The RSI indicator currently shows no signs of the price action being overbought or oversold, suggesting balanced momentum.
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