Nasdaq futures plunged more than 8.50% from its all time high almost month ago. We think Nasdaq nears bottom and we are turning bullish on it. We think current price is very attractive for positioning of long trade. Because of that we would like to set new medium-term price target to 15 000 USD.
Stochastic oscillates in bearish area. MACD is...
NASDAQ is currently trading at an attractive level (14,500) with the confluence of a major support area and an Ascending Trendline. A break below this level will drag it further down towards 14,100 where a stronger bullish set-up awaits.
This is my view on this pair for the next days on #NASDAQ
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and...
Simple, we like to see price drop for us to add to our long positions from 13000 (zone)
again we don't care if price drops, we don't chase price like rest of the sheep 😋
AFTER - Above :)
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week,...
Nasdaq looks bullish
1. Treasury yields going down, inflation worry is overblown
2. China cracking down on commodity hoarders causing Iron ore index to fall heavily.
3.Nasdaq Volatility Index VOLQ has a downtrend, which is looking go down.
Happy Trading, but still in correction, hence next move is still going to be little volatile.
looking at the market-depth NASDAQ100 looks pretty bullish to me as accumualtion is already happening ahead the NFPs.
Generally, I think both scenarios whether bad or good NFPS will both be bullish for equities as a bad result would mean more liquidity and a good result a good improving economy with the expectation that the FED might cut QE...
Double bottoms, Market trend (bullish) rejected Lower lows with a lower high, tweezer bottoms, rejected support, and broken little resistance to next resistance leg. The perfect risk to reward.