NASDAQ completed a bearish 1234, on it's way to 7560
Updated
Nasdaq had some aggressive selling versus S&P500 and Dow Jones. This could be partly that people are selling into higher risk stocks (in nasdaq) and buying into value stocks in S&P500 and Dow Jones.
Using
NAS100USD as a proxy, there was a sell at 7870. Now this trade is profitable at 140 points.
We are predicting thatNAS100USD will continue to fall towards support level 7580 being our first target level.
Using
NAS100USD as a proxy, there was a sell at 7870. Now this trade is profitable at 140 points. We are predicting that
NAS100USD will continue to fall towards support level 7580 being our first target level. Note
Trade closed at profit 7580 for a neat 300 points profit. Also shorted Dow Jones along side with selling Nasdaq.
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