Long

TARGET REACHED:Nasdaq mirroring Dow Jones & up it goes to 18,800

Our first aim was 16,956 for the Nasdaq 100, and wow, did it deliver, perfectly echoing our Dow Jones insights. It soared right to its initial goal of 16,956, just as we theorized. ANd it's been on the up ever since.

But here's where the plot thickens—into a trending market.

And let me tell you, this is where things get tricky.

For breakout traders, finding that golden entry becomes a maze.

For those eyeing reversals, it's like navigating a storm.

And for my friends playing the ranges, buying and selling becomes a guessing game.

So, what's a trader to do?

We watch, we wait.

The trend might keep climbing, sketching new patterns for us to decipher, or we simply stay the course, nudging our trailing stop loss up by the week.

Now, with eyes on a lofty new target of 18,800, I'm parked on the sidelines.

It's feeling a bit top-heavy, and without a clear strategy to dive back in,

I'm all for observing.

Patience is a trader's virtue, especially in this game.

Timonrosso

✅ Facebook:
facebook.com/groups/matitrader

🌐Website:
timonandmati.com

𝕏 (Formerly Twitter):
twitter.com/timonr

Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)

Also on:

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.