NASDAQ Bullish Reversal confirmation
Updated
Hi!
I have to look at all possibilities. I can't marry a bias even though I have been bearish of late. Despite all the red you are seeing in the market today. The TA side confirms we have broken the 786 fib AND we retested the TL support. These are two key factors in confirming a uptrend. The 786 fib is important for confirmation of a TREND REVERSAL. This can be confirmation of a new bull market. I know. Despite what is going on in the world. This is crazy. It is manipulated by the fed. But I can't argue what I see in front of me.
Alex
I have to look at all possibilities. I can't marry a bias even though I have been bearish of late. Despite all the red you are seeing in the market today. The TA side confirms we have broken the 786 fib AND we retested the TL support. These are two key factors in confirming a uptrend. The 786 fib is important for confirmation of a TREND REVERSAL. This can be confirmation of a new bull market. I know. Despite what is going on in the world. This is crazy. It is manipulated by the fed. But I can't argue what I see in front of me.
Alex
Note
Nasdaq is in a critical place. If we break this market trend line where we are now. I will be looking for shorts. I already shorted vixx.
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