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NASDAQ 100 Forms Bullish Pennant Near 23,500 RSI Above 63 Suggests Momentum for Upside Breakout

NASDAQ was up on Monday morning after testing the low level of 23001 in the last trading session as Nvidia and CrowdStrike are set to report results on Wednesday, followed by Dell and Marvell on Thursday. Attention will also turn to Friday’s release of the July personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge.