Nasdaq is facing tough resistance at this level and could see a decline in the short term.
Note
The charts never lie. The employment numbers came out stronger than expected this means that the economy is strong which will in turn prompt the FED to raise rates further, this lead to a stronger dollar and a sell off in risk assets. I still remain bearish for a 1-3 month horizon.
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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.