The NASDAQ 指数 is hitting new intraday highs, currently up 134.13 ポイント （ + 0.78% ） で 17，300.82. In the process, it has broken above a key target level at 17,238, which had served as support in mid-March (March 11, 13, and 14 — see red circles). The index is also trading above the 4 月 9 日最高 17，202.94, further strengthening the bullish case.

Looking ahead, the next major resistance is the 50% フィボナッチリトレースメント of the decline from the December high, which comes in at 17,494.31. Beyond that, though not shown on the chart, is the 50 日間移動平均の低下, currently at 17,732.54.

The S & P 500 is also higher, up 23 ポイント （ + 0.42% ） で 5，50 7.90. Yesterday, it climbed above its 200-時間移動平均 at 5,457.12, and is now extending gains above the 50% リトレースメント of its pullback from the all-time high reached on February 20. That level, at 5,491.24, now acts as short-term support. Holding above it could pave the way for further upside momentum. Staying above the 200-hour MA is a risk level for buyers looking for more upside.