NASDAQ Analysis for July 9, 2026
The index reached the 1/2 level and climbed higher toward the daily balance zones. We are now approaching the 3/4 level.
Indices typically react significantly to this margin area. Additionally, we have yet to see a daily close above the 1/2 level. Given these factors, we must wait for a breakout above 29600 to confirm that the next targets will be the full margin move zone of the bullish cycle near 29820.
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