Watching ASML for a potential retest, but it's a tricky one
It's hard to ignore $ASML pushing up again, currently around 1740.99. I'm looking at that 1761.31 level from earlier today's high as a key resistance point. If it breaks decisively above that, we could see it head towards new all-time highs. However, I'm also mindful of the sharp reversal we saw from similar levels not too long ago. My concern is a false breakout followed by a quick rejection back into the 1720-1700 range. That would invalidate a bullish continuation for me, at least for the short term, and I'd be looking for consolidation or a deeper pullback.
ASML's volatility at these levels is typical. The question isn't if it'll retest, but if the volume supports a breakout or if it's just another trap for early buyers.