NASDAQ [Wait before trading!]: The 2 scenarios explained
At the moment, it's quite simple, the NASDAQ got out of the bearish channels (purple lines) yesterday and is looking for a direction
Bullish: the 1h chart closes above the yellow line
Bearish: the 1h char closes below 12709.
Personnaly, I cashed in the few positions I had left yesterday at the top. I am thus 100% in cash at the moment until the market direction will get clearer (today or monday).
Good luck with your trades!
This is not investment advice, just technical analysis.
Bullish: the 1h chart closes above the yellow line
Bearish: the 1h char closes below 12709.
Personnaly, I cashed in the few positions I had left yesterday at the top. I am thus 100% in cash at the moment until the market direction will get clearer (today or monday).
Good luck with your trades!
This is not investment advice, just technical analysis.