02/10/2026
Nasdaq Breaks Resistance, Can Bulls Push Higher?
The Nasdaq has broken above a major weekly resistance level around 29,000, potentially turning that former resistance into a new support zone.
On the weekly chart, the breakout keeps the upside in focus. However, the daily chart is showing strong resistance, which could make further gains harder without a confirmed break above that level.
If buyers clear the daily resistance, the Nasdaq could open the door to another move higher. But if resistance continues to hold, price could consolidate around the 29,000 area. A break back below weekly support would shift the technical picture further to the downside.
The key is watching how price reacts around these major weekly and daily levels.
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Question for traders: Is the Nasdaq ready for another breakout, or will daily resistance trigger a pullback?
Trading involves risk. This content is for educational purposes only and is not financial advice.
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