Nasdaq Composite Index (.IXIC) Getting closer to key Cloud Chart resistance zone after a strong rebound rally from key Cloud Chart support zones!
On the weekly Cloud Chart the index is now on its way to fight top end Cloud Chart resistance zones!
The daily Cloud Chart the index had a strong rebound in April from critical support zones and is now getting closer to the bottom end Cloud Chart resistance zone! Critical week ahead to break past this zone! Downside risk is a reversal if this resistance zone holds with the top end of the front end of the Cloud as a possible new support zone!
Index is up by more than 20% since the Cloud Chart support rebound buy signal!
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