Nasdaq breaks above 61.8% Fibonacci, will it continue higher?Nasdaq 100 SPOTCFI:US100CFIThe Nasdaq index rose by approximately 1.0% yesterday, ultimately settling near the 25,420 level, its highest point since the end of February. This marks the sixth consecutive day of gains and the third consecutive week of increases. These sustained rises are fueled by hopes for a Middle East peace agreement, despite the recent setbacks, particularly following reports of a shared desire among all parties to reach a deal. The index also received additional support from positive performance in the technology sector, especially software companies. Oracle shares jumped 12.69% to $155.62, and Palantir shares rose 3.37% to $132.37. The accompanying chart shows the index reaching a resistance level, which represents a further test of the price's ability to maintain its upward momentum. This level is close to the 78% Fibonacci retracement and also represents a previous high. Therefore, we will be monitoring how prices react to the 25,500 level and whether they will manage to break through it