Major drop on NASDAQ might happen.
NASDAQ / 1W
Hello traders, welcome back to another market breakdown.
NASDAQ chart from today looks similar to the pattern we had in 2000-2001 recession. If the US will indeed a recession by the end of this year or the coming year then it's worth watching over this pattern that lead to the major drop.
Checkout the chart for more details on levels I'm watching for long term setups and where I'll be cautious to inverst any money in the technology sector.
Trade safely,
Trader Leo.
Hello traders, welcome back to another market breakdown.
NASDAQ chart from today looks similar to the pattern we had in 2000-2001 recession. If the US will indeed a recession by the end of this year or the coming year then it's worth watching over this pattern that lead to the major drop.
Checkout the chart for more details on levels I'm watching for long term setups and where I'll be cautious to inverst any money in the technology sector.
Trade safely,
Trader Leo.
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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.