Hello Traders, welcome to today's analysis of Nasdaq.
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Explanation of my video analysis:
For more than 10 years the Nasdaq has been trading in a very obvious rising channel formation. Considering that we saw a +50% pump in 2024, the Nasdaq is certainly ready for a (short term) correction back to the lower support trendline which I mentioned in my analysis. From there I do expect the longer term bullish continuation though.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
If you think that the Nasdaq is ready for a correction, hit that "Like" button! Keep your long term vision.
nshah268
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This analysis is like a eye-opener.. I am currently stuck in a SHORT trade and sitting on a huge loss, which this trend analysis, I am hoping market would correct from 17300 levels to 1660 .. but your trend line shows it could drop to 15000 levels .. is that right ?
tymmothyuss
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@shahneeraj, I can go higher QQQ can go to 430 before a correction i'd exit that short
kyrongreene
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Your elite program comes with trading signals and if they do on avg how often?
basictradingtv
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@kyrongreene, depends on the days, weeks and months... But I would say roughly 2-5 signals a month!
Xanrox
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Really interesting insights, thanks for your work.