The Bullish scenario
This Bullish channel could be the best framework for the coming months.
I think we should consider any decrease in Nasdaq as a correction unless, Nasdaq composite getting outside this bullish channel and trending below it.
Another bullish scenario: 16200 by the end of September
I should confess I put two much emphasis on trading volume and see the generalized decrease in trading volume as a negative factor for market to trending upper. However, the relationship between prices and volume is not a linear correlation. And it’s effect in making bullish trends could be more than making bearish cases.
Reading my analysis published on June 13th is recommended.
I calculate 2 different scenario in that analysis and shied them as 1 and 2.
Interestingly, between the 2 major scenario, I choose the wrong one.
To accept your mistake means to become smarter than you were - Pierre Boiste
I think we should consider any decrease in Nasdaq as a correction unless, Nasdaq composite getting outside this bullish channel and trending below it.
Another bullish scenario: 16200 by the end of September
I should confess I put two much emphasis on trading volume and see the generalized decrease in trading volume as a negative factor for market to trending upper. However, the relationship between prices and volume is not a linear correlation. And it’s effect in making bullish trends could be more than making bearish cases.
Reading my analysis published on June 13th is recommended.
I calculate 2 different scenario in that analysis and shied them as 1 and 2.
Interestingly, between the 2 major scenario, I choose the wrong one.
To accept your mistake means to become smarter than you were - Pierre Boiste
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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.