NASDAQ Futures Choppy but Slightly bearish price action
The Nasdaq/Tech stocks have been by far the most volatile recently, having frequent huge intraday swings. The daily chart is still showing a Head & shoulders reversal pattern, though it was almost invalidated recently. On the other hand, we have a wedge that has been forming for sometime with no break yet. The price action is leaning to the bearish side as Tech stocks reported record high earnings but still have yet to show a clear direction
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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.