NASDAQ! LONG OR SHORT?!
I've been looking at this index for a while now, I believe that prices could break up to the upside target of 7650.0. Have a good look at prices as it approaches our current resistance(7500.0). A definitive break would indicate to me that prices are ready to break up to highs of 7650.0/7700.0.
HOWEVER
We could see a change in trend and see if prices approach the 7350.0 level, at this point I would jump in and ride the trend down to lows of 7000.0.
HOWEVER
We could see a change in trend and see if prices approach the 7350.0 level, at this point I would jump in and ride the trend down to lows of 7000.0.
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.