“Nasdaq Hits All-Time High as AI Hardware Surge Drives Tech”
WFC is expected to bounce from its upward support trend line; however, a weekly close below recent support levels increases the risk of a drop to $80.12.
Next is Wells Fargo Bank. A very similar situation, guys. Today is a bearish day , down by approximately 4%, but we are starting here on the weekly timeframe.
Just like JPM , Wells Fargo has a very good upward support trend line that should hold the price and allow it to bounce back. If it continues to move straight down, like JPM, look at where the price is and where it closed today: below these lower pivots that occurred here during August and July as well as in June.