Nasdaq Showing Upside Persistence

The Nasdaq Composite has now closed higher 5 weeks in a row. In July we saw how negative persistence can be difficult to overcome. Now we have an example of positive persistence:

The kind of positive persistence we’re seeing often manages to continue higher over the following weeks and months.

Will strength in technology help to lift the market in the coming weeks, or will the negative influence of recent volume patterns lead to a move down? Should be interesting…