NASDAQ (04/21/2020) - Bearish trend will take over from here.
FA
Trump administration shut down the immigration process, sparked the fire.
Oil dropped down to a negative (-$40/barrel) first time in US history. Proving serious damage to the economy globally. Oil won't stop dropping in the next contract.
Canadian is the first casualty in the oil crisis.
Some States lifted the shutdown too soon (less than 14 days). We will expect to have a second wave of Cov-19.
Kim Jong Un is seriously ill atm.
Fed scheduled a pump of 500 billion dollars @8:30am and another one (500b) at 1:15 to 1:45pm. Plan your stratergy accordingly.
Most tech stocks are overbought. Please be careful when purchasing them.
TA
NASDAQ future has broken the bullish 28 days period. It will take a drop, at a result NASDAQ too.
8880 is confirmed to be a good resistance. Stock will fall into a bearish momentum. Squeeze out long positions.
RSI is moving down.
Target: 8600 this week.
A drop in NASDAQ won't be significant due to the rise of tech stocks.
Good luck and thank you for your supports.
Trump administration shut down the immigration process, sparked the fire.
Oil dropped down to a negative (-$40/barrel) first time in US history. Proving serious damage to the economy globally. Oil won't stop dropping in the next contract.
Canadian is the first casualty in the oil crisis.
Some States lifted the shutdown too soon (less than 14 days). We will expect to have a second wave of Cov-19.
Kim Jong Un is seriously ill atm.
Fed scheduled a pump of 500 billion dollars @8:30am and another one (500b) at 1:15 to 1:45pm. Plan your stratergy accordingly.
Most tech stocks are overbought. Please be careful when purchasing them.
TA
NASDAQ future has broken the bullish 28 days period. It will take a drop, at a result NASDAQ too.
8880 is confirmed to be a good resistance. Stock will fall into a bearish momentum. Squeeze out long positions.
RSI is moving down.
Target: 8600 this week.
A drop in NASDAQ won't be significant due to the rise of tech stocks.
Good luck and thank you for your supports.