Short Term Nasdaq Retracement
As is shown, in my judgement there is a short term Nasdaq retracement imminent. RSI shows that resently the nasdaq index has been overbought and is therefore a great time to sell short, this is further strengthened by the apparent trend in the market, where the nasdaq if forecastet correctly soon will hit a resistance level.
I believe that this is a short term retracement and will lead to a great bullish position after this retracement/bear rally. I will wait to we hit a reassonable support level and then get into a bullish position. As i believe that the tech trend is not yet done.
Trade at your own risk.
I believe that this is a short term retracement and will lead to a great bullish position after this retracement/bear rally. I will wait to we hit a reassonable support level and then get into a bullish position. As i believe that the tech trend is not yet done.
Trade at your own risk.
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