Nasdaq - Great Trade Opportunity!!
Whilst doing my weekend analysis - The indices - I do trade and I will be keeping a closer eye on for the week ahead! We are in for a treat this week....
For next week Fundamental aspects:
1) FOMC - Will the Trillions of QE pass? Biden plans is something to consider in-depth as well
2) Earning Season - Microsoft, Tesla & Apple
3) US Advanced Q4 GDP
Overall, I'd love a pull back on equities, but if the stimulus does pass, I expect bonds, commodities, cash and indices to carry on normal trend direction.
Technical View:
We've had great bullish momentum towards Nasdaq - Right now we are in consolidation a break to either direction will be something I will be keeping an eye on.
Support: 13300, 13275, 13145, 13120
Resistance: 13415, 13440, 13570, 13695
Pattern: Wedge smaller term, longer term could be bullish flag.
BULL MARK: 13442.0 Above
BEAR MARK: 13300 Below
Have a great week ahead and if you have any questions feel free to message privately.
All the best,
Trade Journal
(Just a trade idea, not a recommendation)
Whilst doing my weekend analysis - The indices - I do trade and I will be keeping a closer eye on for the week ahead! We are in for a treat this week....
For next week Fundamental aspects:
1) FOMC - Will the Trillions of QE pass? Biden plans is something to consider in-depth as well
2) Earning Season - Microsoft, Tesla & Apple
3) US Advanced Q4 GDP
Overall, I'd love a pull back on equities, but if the stimulus does pass, I expect bonds, commodities, cash and indices to carry on normal trend direction.
Technical View:
We've had great bullish momentum towards Nasdaq - Right now we are in consolidation a break to either direction will be something I will be keeping an eye on.
Support: 13300, 13275, 13145, 13120
Resistance: 13415, 13440, 13570, 13695
Pattern: Wedge smaller term, longer term could be bullish flag.
BULL MARK: 13442.0 Above
BEAR MARK: 13300 Below
Have a great week ahead and if you have any questions feel free to message privately.
All the best,
Trade Journal
(Just a trade idea, not a recommendation)
Comment:
QE Optimism....
Trade closed: target reached:
Out of trade. Profit made.