ContraryTrader

Nasdaq short term outlook

Long
TVC:IXIC   US Composite Index
Headed up to ATH 14175 in a narrow channel that it has been respecting since that last gap up. It's currently about 140Pts away from channel top and 120 pts away from ATH. I'm expecting an up day on Monday and depending how high we fly another leg up on the following day. . Candle stick is showing Hangman and normally I would be bearish but worst case scenario a pullback to Fib support 1.414 at 13965 (Blue line).which is close to channel bottom.

IMO looking at a few of the fang stock charts and events around Apple's big day Tuesday, I think we'll start Monday and Tuesday up and then a healthy pullback for the big tech Earnings the following week April 26-31th

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