Nasdaq has now moved solidly higher on a good trend line and has good support below (green boxes). Looks like it will try to re-test its highs again. Opportunity for some long profit here anyway if support holds.
Hourly 200MA is rising but careful as other MA's are lagging below.
Hourly 200MA is rising but careful as other MA's are lagging below.
Comment:
Probably best to scale into longs slowly while hourly moving averages are lagging. Add more on pullbacks to MA's or when look like solidly crossing. Take profits at red resistance boxes above (main chart)
Trade closed: target reached:
Deep into first red box. Good place to take profits rather than hold overnight
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