Tech stocks have been getting killed by the bears in the last 2 weeks after hitting an all time high at around 20,750. There was Microsoft earnings report today which was temporarily bullish for nasdaq. We have a bullish double bottom pattern on the 1hr time frame. Tomorrow (wednesday we have earnins reports for Meta, Boeing, Qualcom and Mastercard which are just a few of the companies that nasdaq are composed of. Im bullish in the short term on nasdaq and we also have a gap to fill around the 19,600 area.
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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.