Nasdaq short term outlook
Well, I ignored the Hang man candle stick yesterday and paid for it.
Fell thru its channel yesterday And found fib support at 13847 fib. it's currently testing that position premarket. if 847 (purple line) gives way then there is no support until 13755 and after that we're talking gap closure drops. Looking at the history of earnings on big tech there is usually a pullback the week before so let's see this is just that. Resistance is blue line 13965.
Fell thru its channel yesterday And found fib support at 13847 fib. it's currently testing that position premarket. if 847 (purple line) gives way then there is no support until 13755 and after that we're talking gap closure drops. Looking at the history of earnings on big tech there is usually a pullback the week before so let's see this is just that. Resistance is blue line 13965.
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