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.
"Purely educational. Not meant to be financial advice. Copyright Binni Ong"
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.
"Purely educational. Not meant to be financial advice. Copyright Binni Ong"
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.