fractal_trader
Long

Nasdaq 4h Breaking Out in Overall Trend Direction

TVC:NDX   Index of the 100 non-financial companies listed on NASDAQ
43 0 0
Nasdaq fails in 4h demand zone just above gap support and 150 SMA , overall trend direction most likely to be resumed. On weekly uptrend after breakout above 4600 hadn't failed in last couple of days, still long for longer-term trade. Trade the reaction of price - no predictions, just following.
Comment: Breakout occurred, closing strong Friday. Overall uptrend continuation likely.
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