Comment on The Technical Indicator: Nasdaq back for another crack at the 5,000 mark

The Technical Indicator: Nasdaq back for another crack at the 5,000 mark

The Nasdaq Composite has reached the U.S. markets’ latest technical milestone, notching its third close atop the 5,000 mark on record. Against this backdrop, a consolidation phase is overdue — and apparently underway — though the longer-term market bias points higher.

 

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