Very critical situation for NQ and the stock market !
NQ has tested very important support from a rising channel (for the 3rd time).
Either bulls must steps in right here to defend the support @ ~13300 & reclaim the bullish trend, by reclaiming the 14k level, otherwise, a BEAR market becomes a very probable scenario.
PS: Notice that we broke the neckline of the H&S pattern. I do lean for the bullish scenario but the fundamental doesn't help! (Russian invasion of Ukraine)
Either bulls must steps in right here to defend the support @ ~13300 & reclaim the bullish trend, by reclaiming the 14k level, otherwise, a BEAR market becomes a very probable scenario.
PS: Notice that we broke the neckline of the H&S pattern. I do lean for the bullish scenario but the fundamental doesn't help! (Russian invasion of Ukraine)
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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.