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The shortened week started off on a positive note, as Asian indices climbed higher. Positive sentiment quickly spread to Europe and the U.S, sending all the major indices to higher levels. One must note that the Nasdaq closed the session at a new high at 1828.79, after breaking through strong resistance.
The economic calendar lacked market-moving data yesterday, therefore traders turned to previous price action, continuing Friday’s trend. Even though the indices bounced at the start of the session, they presented a lackluster session, consolidating up until the close.
Read the full article at dodjit.com
