Nasdaq Ascending TriangleUS Tech 100 CFDFOREXCOM:NAS100FOREXcomWhile the Russell 2000 has come to life in a very big way in early-2026 trade, and while SPX has continued to push up to fresh all-time-highs, the Nasdaq has notably been lagging. The index hasn't set a fresh high since October 29th which was the Fed's second rate cut of last year. This was also where Jerome Powell brought question as to whether the Fed would cut again in December, and even though they did cut rates at that final meeting last year, the index was unable to take out its prior high. That doesn't necessarily mean despair, however, as there's an ascending triangle formation that's built over the past couple of months, and that's a bullish breakout setup that puts the focus on a possible re-test of that prior ATH. - js