We are at a very crucial point here at nasdaq. On the daily we can see it has broken out however on the weekly we are now at the trend line. Next couple days will really dictate where this market is going. Iv created a zone where the price will come next if we carry on with this bearish momentum. 12836-12790. There will be chances of fake break outs. Be cautious, have stops in place and don't get greedy assuming nasdaq will suddenly come down to 10000 or something. Look at the chart and see what nasdaq has done in the past. Its always a repeat with nasdaq
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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.