Buy Nasdaq in support zone

Jul 31, 2020

Here Nasdaq is at 200HMA support. Nice buy here at 10,740, falling wedge just completed after a gap fill



Expect the double top on the daily charts to be broken through at 11,070 after outstanding earnings from the top tech companies yesterday.

Aug 2, 2020

Trade closed manually

I closed my trade just before the weekend break with nice profits, this is something I tend to do each Friday as I am a mainly a day trader. Anything can happen at the weekend and I don't like to be caught blind especially with good profits ready to be banked from the 10,740 level.

Here on the 1hr charts we can see the 200MA (green line) is still slightly falling and the 100MA is yet to cross, this means price could definitely move down again into the support box before all time highs are broken



I still feel the all time highs will be surpassed very soon but I would prefer to re-enter again after the weekend once the hourly 200MA has curled up and the 100MA has crossed it.

Aug 3, 2020

Trade closed: target reached

Closed out remainder of position (re-entered Monday morning) after new all time high hit,



will look to go long swing trades