Candlestick chart shows the near-term uptrend
NASDAQ Three-Year Weekly Candlestick Chart
The NASDAQ is still in a good position for another test of major resistance at 2,880. There needs to be an increase in volume and a convincing two-day close of around 2,940. This would indicate an intermediate target of 3,160.
Reference the previous candlestick chart for the NASDAQ
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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.