NASDAQ Analysis for June 30, 2026
The index is respecting levels well. Following a bearish margin cycle, we are now anticipating the completion of an ascending cycle in the 30,040-30,160 area. Balance debts are also located in this range.
I expect a pause in this zone. We will need to monitor price action to see if we can break above this area.
A breakout above this zone will set the next margin zone of 30,590-30,700 as the target.
(For future reference, the 31,000 level can be noted as an upside target if the rally continues.)
Stock indices closed higher yesterday, driven by gains in the technology sector.