Nasdaq is currently in a strong bulls market - all though there are a lot of signs both technically and fundamentally for it to go down, the bulls have taken over this area in the market. Today we will go with market direction rather than fighting the market.
We will wait and see what price does at 13130 - if it respects ema and tl then we will go long to resistance (13205) and ideally end off at 13315.
If price breaks ema and TL we should see price head down to 13044 and potentially lower.
Overall today should be clear for a 700-1000 pip move.
We will wait and see what price does at 13130 - if it respects ema and tl then we will go long to resistance (13205) and ideally end off at 13315.
If price breaks ema and TL we should see price head down to 13044 and potentially lower.
Overall today should be clear for a 700-1000 pip move.