Nasdaq Composite: Fighting hard to rebound from old support zones 10597/10907.

Nasdaq Composite: Fighting hard to rebound from old support zones 10597/10907. These levels are not far from a major cloud chart support zone of 10409!

Looking at the daily cloud chart, if support holds at these weekly cloud chart levels then there is upside potential to the bottom end resistance zone at the front end of the cloud. First level 11415 then the bottom end of the cloud at 11818/11951 and 12017! Price action needs to be back above the cloud to be bullish!