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Trading2ez
May 7, 2021 8:31 AM

NASDAQ100 BUY IDEA! Long

Description

Hey tradomaniacs,

looking at the market-depth NASDAQ100 looks pretty bullish to me as accumualtion is already happening ahead the NFPs.

Generally, I think both scenarios whether bad or good NFPS will both be bullish for equities as a bad result would mean more liquidity and a good result a good improving economy with the expectation that the FED might cut QE in the near future.

Technically we see a double-bottom and a potential breakout to the upside!

Let`s see what happens! .-)

Comments
MMBTtrader
more rise expected too and thank you for sharing
yulo1
Did not happened yet.. any other conclusion?
Trading2ez
@yulo1, hard to say what happens next. What do you mean not happened yet? it went stright into target / resistance-zone! =)
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