Hello everyone. We see massive sell-off for the past few days. NQ has been down by over 25% from the peak created last Nov.
From the chart, we can clear see that the long-term MA(red color) has served as a good defense line that pushed price back to key fib level of 61.8%.
Unfortunately, the duo long-term MA has been firmly conquered. Where might the index go?
My guess is around 11500 by measured the move. Bullish buyers who tends to buy, better watch closely on how the index react to the level.
What do you think? Give me a like if you're with me.
From the chart, we can clear see that the long-term MA(red color) has served as a good defense line that pushed price back to key fib level of 61.8%.
Unfortunately, the duo long-term MA has been firmly conquered. Where might the index go?
My guess is around 11500 by measured the move. Bullish buyers who tends to buy, better watch closely on how the index react to the level.
What do you think? Give me a like if you're with me.
Note
The index bounced back a bit above 11500.Note
Yep. Kissed and rebounded immediately on last FridayNote
NQ dropped to 11500 and rebounded as expected. 
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plan your trade and trade your plan
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.