Is it time for a up- or downtrend?
Nasdaq have reached 16k and are currently in a consolidation, in a prevailing uptrend. The question now will be either if it want to keep on moving up or change trend and fall. Below 16700 might indicate for a downtrend towards the 13k-13,5k zone and a break above 16k might indicate for a continuation on the uptrend towards 16500 (possible higher). Neutral, at the moment.
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.