NASDAQ index continues the record run to the upside. Up 1.3% on the day

The NASDAQ index is leading the way with a gain of 1.3%, up 247 points or 19231.50.

Looking at the hourly chart, the price has moved above a channel trendline that comes across at 19130.21. That increases the bullish bias. There is no reason to sell unless the price were to move back below that line – and stay below that line.

This article was written by Greg Michalowski at www.forexlive.com.