NQ - update: Within "normal" correction (so far)
A "correction" can be very much expected after every few days of running up.
The bull is very much intact if NQ can stay above 12,800, with Potential resistence-turned-support @ 12,850.
(worst case support @ 12,500, the most recent pivot low).
The 200 day Moving Average is slightly curving up now too.
As long as one isn't a short term / day trader, just stay the course unless we see a break down of near term supports. So Let's see.
Picking the right stocks is important too, unless the market gets euphoric and every Tom, Dick and Harry stocks starts to run.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
The bull is very much intact if NQ can stay above 12,800, with Potential resistence-turned-support @ 12,850.
(worst case support @ 12,500, the most recent pivot low).
The 200 day Moving Average is slightly curving up now too.
As long as one isn't a short term / day trader, just stay the course unless we see a break down of near term supports. So Let's see.
Picking the right stocks is important too, unless the market gets euphoric and every Tom, Dick and Harry stocks starts to run.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
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