مساء الخير سيشهد النازدك ارتفاع يوم الاثنين وسوف يكون فوق 1388 ولملاحظة ذلكNASDAQ forms triangle consolidation at the highs. Watch for the break Monday. The commentary on this page is based on the NASDAQ Composite index. Equivalent numbers for the NASDAQ 100 are in ( ) within the commentary. - SW Team From Yesterday's commentary, "...The NASDAQ gapped higher at the Open, but pulled back a bit before unleashing a sharp rally to the Close...a higher low or a consolidation at the high would imply a further upside effort..." The NASDAQ was able to hold on to yesterday's gains, forming a triangle consolidation in the process, as seen in the 15 Minute Chart. This consolidation is very well-formed and implies an upside break for Monday's market. Moreover, looking at the 60 Minute Chart shows that the Composite has formed the consolidation above the upper channel boundary, which is another bullish sign. The NDX has formed its consolidation just beneath its upper channel boundary, but remains bullish as well. An upside break from the range will likely spark a continuation to the upside. However, as with the Dow, a downside break from the consolidation could fuel a retracement after gaining so much ground in the last two trading sessions. Therefore, we will also keep a eye on the lower boundary of the range as well. Short Term NASDAQ Short term, the NASDAQ has formed a clear trend line beneath the lows of the late-day upmove, seen in the 1 Minute Chart. A downside break of the lower trend line would signal weakness for Monday's Open. Watch for the break at 1,384 (1,028). Medium Term NASDAQ In the medium term, we closed our Long positions today at 1,380 (1,024), which gives us a gain of 27 (24) for the trade. We later entered Long at 1,385 (1,028), but took a 5 (5) point loss as the market pulled back to consolidate. We are now out of the market and will watch 1,375 (1,020) down, and 1,388 (1,032) up, with 5 (5) point stops. Summary The NASDAQ held on to yesterday's gains and was even able to eek out a few points to the upside. The index has now formed a triangle consolidation at the highs, which is bullish. However, we will watch both the upper and lower boundaries for the break on Monday. We closed Longs this morning for a 27 (24) point gain, but lost 5 (5) points on a Long try. We are now out of the market and will watch 1,375 (1,020) down, and 1,388 (1,032) up.