DOW had a steep pull back overnight and was once down over -430 pts. Yet, it managed to recovered most losses to close down -208.98 pts, or -0.60% only, at 34577.37. S&P 500 dropped only -0.20% while NASDAQ even rose 0.17%. Overall market sentiments remain generally positive.
NASDAQ’s outlook is unchanged that further rise is expected as long as 14439.39 support holds. Current up trend should target 61.8% projection of 10822.57 to 14175.11 from 13002.53 at 15074.39. With 15k psychological level in proximity, that would be a key hurdle to overcome, that could shape the outlook for the second half of the second half of the year.
