US Nas 100Short
Nasdaq Analysis
This week has been a amazing week on Nasdaq, those who follow my ideas would have seen the Monday analysis of nasdaq coming to approx 16500. Since then nasdaq has reached almost 700 pips up.
Nasdaq is currently overbought and I do expect the market to drop quite a bit. My target for the sell would be around 15000 zone. However we need to be cautious as the market may still go to the red zone I have drawn before pushing down. We also have a high number of seller waiting at this area to sell, so we can expect a lot of stop hunters before the market does go towards the intended direction.
Nasdaq is currently overbought and I do expect the market to drop quite a bit. My target for the sell would be around 15000 zone. However we need to be cautious as the market may still go to the red zone I have drawn before pushing down. We also have a high number of seller waiting at this area to sell, so we can expect a lot of stop hunters before the market does go towards the intended direction.
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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.