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ProSTrades
Jul 3, 2020 8:57 PM

5000 PT NASDAQ RECOVERY!?!? Long

E-mini Nasdaq-100 Futures (Sep 2020)CME

Description

Anticipating future #Nasdaq moves...the bigger picture.

Overall market moves higher, but possible 15% decline that could begin at around 10600. If support holds the 8700-9000 area a 30% rally ensues towards 11600, which concludes the completion of a 5000 pt recovery cycle off the COVID19 LO's.

Comment

Nearing 10600. Lets see some consolidation with potential for a fall from that area. Overall, still moving higher.
#Nasdaq
#nq1!

Comment

Doesn't appear that the 10600 level/area proved to be much of a stall, but for more than a day or two and so continues the run towards 11600.
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