NASDAQ Composite Index broke into the weekly Ichimoku cloud last week but managed to close safely above it again. Support continues to hold, and it may soon be safe to get back in the waters…
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The NASDAQ Composite Index has started the week badly, with the selloff sending it into the weekly Ichimoku cloud. The cloud has been breached several times intra-week recently but somehow, the price has always managed to recover above the clouds.