NASDAQ is currently above a rising trend line on the daily chart, indicating that the market is in an uptrend.
The uptrend in NASDAQ started from 10665, and the next target is to test the 13729 resistance level.
In terms of support levels, the first support level is at 12723, which is a crucial level to watch. If the price breaks below this support level, the next level of support would be the rising trend line now at 12410.
A break below the trend line support could indicate that the uptrend has ended, and the price may fall towards the 11000 level.
Technical levels:
Support levels: 12723, 12410, 11678, 11000.
Resistance levels: 13242, 13729, 15274.
