Nasdaq has been trading within a rising channel for the past 3 months, it came down to test the channel support @ 10300 last Friday before closing higher at 10459. There is no compelling bounce yet except that it looks like a bullish Harami pattern could be in the works. We could have a clearer picture after today. If we can have a close above 10568 within the next couple of days, then the rebound is on firmer ground.
Should NQ breaches the channel support (ie dip below 10300), I would hold off bullish bets.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Should NQ breaches the channel support (ie dip below 10300), I would hold off bullish bets.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.