breaking news US stocks are trading towards new highs in the session. The NASDAQ index leads far
As illustrated in the daily chart below, the NASDAQ Composite Index is pulling away from its 61.8% retracement level at 11,999.84, which is calculated from the decline that began on August 16th. The next big step is the February 2 high at 12,269.55. It’s also close to the swing high dating back to September 2022, raising important levels. So far this month, the NASDAQ has gained about 6%. For the training year, the index is up 15%. In 2022, the index fell -33.1% in 2022 from a closing level of 15645. The Nasdaq index is still over 28% from the end of 2022 high.
The NASDAQ index is up 6% this month
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