Roopesh80

Nasdaq may be forming a bull flag or not

CAPITALCOM:US100   US 100
Nasdaq has rallied and recovered losses for today. From a candle perspective, it isn't that big on daily....but....depending on data tomorrow, it may run up heavily to 18600+ or knowing institutional traders, they might go slightly above the ATH, gather all the FOMO buyers and then dump it to the FOMC candle on 4 hr chart which is around 18000. trade the day, it will give you moves on both sides if you're a day trader....if its trading at the highs, wait for pullback, and look for prior demand areas...If you want to short this market, wait for the highs and then a rejection or some structure....Its a bullish market overall, so shorting will be quick and fast as buyers are still strong, unless there is a catalyst to bring it crashing down....as of right now, every dip is a buying opportunity, unless proven otherwise....trade wise, trade safe and don't get greedy....

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.