CME_MINI:NQ1! The Nasdaq (shown as NASDAQ:QQQ ) formed several resistance levels during the year since the beginning of the pandemic, which later became support.
The timing would be perfect, for the upcoming election, to bounce off the support level and continue the rallye when the uncertainty is overcome...
The weekly is not a confirmed downtrend above 260 and the monthly looks even more bullish to me. I agree that we are at a decision point but it's way to early for bearish sentiment IMHO
MacBull1557
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the weekly and monthly disagree with your sentiment . qqq might be due for small bounce but going to have sharp decline. see the big pic and you will know what i am talking about. thanks
I agree that we are at a decision point but it's way to early for bearish sentiment IMHO