Nasdaq has been coming under selling pressure since the start of August.. I believe it's an oversold condition and there's a technical bounce around the corner.. I see NQ1! might go down a little to fill the gap at 14521 and also bounce off the lower trend line of the parallel channel. Immediate resistance level will be 15000 , once that is broken , next resistance level at 15475.. I think there will be a pull back and consolidation US 10Y treasury yield and Dollar index which could boost the sentiments on the risk assets like QQQ , Crypto and also technical bounce on Gold and Silver
Trade active
Target 1 - 15000 reached.. Next target 15475Trade active
NIFTY hit 15418 levels and pulled back with high volume. Its signaling a trend reversal. can test 14521 gap fill level soon.Trade closed: target reached
Nasdaq target 15475 reached
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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.