Nasdaq update for this week (updating all the time)
Updated
Hello guys,
When I post stuff here, these are not just ideas, I actually trade like this.
So let's get started:
Had a brilliant week trading last week so this week what I am looking at is this big R1 level. It is important for nasdaq to go past this level in order to see any sort of an uptrend confirmation. We saw on Friday, how hard the dollar was hanging from the 4hr support level and trying not to crash. And I doubt it will crash as soon as the market opens so I am seeing a pump or a little up movement at open for the dollar. Which makes nasdaq go lower. It is important for nasdaq to stay above and in the area of S1 in order for it not to crash this week.
As we saw on Friday NFP data was favouring the dollar and it could reflect the coming week and bring the dollar up from weeks of battering.
My final take is that if it continues the way I am suggesting nasdaq could tank back to 11.6k or even 10.8k levels. I will keep updating once the market is open.
When I post stuff here, these are not just ideas, I actually trade like this.
So let's get started:
Had a brilliant week trading last week so this week what I am looking at is this big R1 level. It is important for nasdaq to go past this level in order to see any sort of an uptrend confirmation. We saw on Friday, how hard the dollar was hanging from the 4hr support level and trying not to crash. And I doubt it will crash as soon as the market opens so I am seeing a pump or a little up movement at open for the dollar. Which makes nasdaq go lower. It is important for nasdaq to stay above and in the area of S1 in order for it not to crash this week.
As we saw on Friday NFP data was favouring the dollar and it could reflect the coming week and bring the dollar up from weeks of battering.
My final take is that if it continues the way I am suggesting nasdaq could tank back to 11.6k or even 10.8k levels. I will keep updating once the market is open.
Note
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