NASDAQ: Time to wait for retest
We have been printing massive gains in stocks for weeks now. Last week NASDAQA price closed below our overbought RSI line on the 1W timeframe.
As you can see on the chart this almost always anticipates a retest of key moving averages. So for now , i will be waiting for that to happen first and watch for bullish divergenes or bullish momentum indicators.
As you can see on the chart this almost always anticipates a retest of key moving averages. So for now , i will be waiting for that to happen first and watch for bullish divergenes or bullish momentum indicators.
Regards,
Trend Rider
Trend Rider
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