Bulls aiming at 28,800 after bearish pullback completed

💡 DMK Insight

The Nasdaq’s test of its all-time high is a pivotal moment for traders. If it breaks above this level, we could see a surge in buying interest, potentially pushing the index into uncharted territory. This would likely attract momentum traders and institutions looking to capitalize on the bullish sentiment. However, if we see a rejection at this level, a bearish reversal could trigger profit-taking and a pullback, which might lead to increased volatility in the broader market. Keep an eye on correlated assets like tech stocks and ETFs that track the Nasdaq, as they’ll likely react strongly to this breakout or breakdown. Watch for key price levels around the all-time high and consider using shorter timeframes to gauge momentum shifts. A decisive close above this level could signal a strong bullish trend, while a close below could indicate a shift in market sentiment.