RhythmicAnalyst

NASDAQ at the inflection point

Long
CURRENCYCOM:US100   US 100
NASDAQ is at the inflection level. That makes the next week decisive in terms of a long term trend. Friday's (Jan 28th) bounce was amazing. It was a strong defensive move. However, it has to break above the stream. The stream has been a roadblock since correction started. The lower (red) line of the stream is touched 4th time, it's working hard to enter into the stream. Expecting upside move next week.
Trade closed: target reached: NASDAQ broke out and and entered into the channel as projected. Currently trading at 14850 and day's high was 15275.
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