The NASDAQ was 5% from its record highs pre COVID - 19 If you take a look to the left hand side there was a gap in the market which has now been filled.
Yes the FED is printing trillions of USD, however I feel we could be due a sizable pull back across the board.
Bearish divergence on the RSI whilst the market prints new highs. It has now reached the cap on the channel formation.
My SL is above the channel formation, I have left my take profit open to see how the market reacts tonight.
Any thoughts and comments please let me know below.
Seems that TA won’t be valid anymore until after the elections lol
Trading_Tony
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@CryptoBitcoinFunk, first short term target reached. Looks like nothing will stop V shape recovery at the moment. I think your correct as well, markets will be high leading into elections