Nasdaq at a Make-or-Break Level: Breakout or Breakdown?

Price is trapped between a major historical resistance and a long-term ascending trendline — a critical decision zone.

Bullish Scenario
If price breaks and holds above 26,300:
• Target 1: 27,500
• Target 2: 28,500–29,000
• Stop-loss: Close back below 25,800

Bearish Scenario
If price loses 25,200, and especially 24,800 (trendline):
• Target 1: 23,500
• Target 2: 21,800
• Stop-loss: Reclaiming 25,500

Short Fundamental View
• Tech giants continue to drive market momentum.
• Valuations are elevated, leaving room for correction.
• Fed policy and macro data will heavily influence future price action.