The US tech index shrugged off inflation fear and recovered to an all-time high.
Price action has bounced off of the rising trendline established in late March. This is a strong bullish indication amid sell-offs across equity markets.
The RSI has returned to the neutral area, allowing buyers to accumulate without appearing to overdo it. The Nasdaq has broken above 14220 and may trigger a runaway rally towards 14400 as momentum players stake in. 14080 near the trendline is a key support to monitor.
