Nasdaq Composite Index: Rebound rally running into old Cloud Chart (CC) resistance zone! Need to see a breakout past the 11683/11814 resistance zones!
IXIC index rebounded more than 10% since finding support at the old CC support zone of 10262! The index pulled back after hitting the Standard line of the CC as well as getting closer to an old support zone that is now a new resistance zone on the CC of between 11683/11814! Need to see a breakout past these levels towards the bottom end CC resistance zone! Reversal risk remain high at these key resistance zones!
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