Nasdaq Weekly Outlook 25-29 Oct
If we compare the three major markets we'll see that Nasdaq had failed to reach higher prices when you compare it to S&P and Dow. Before Nasdaq catches up with the other two, I'm expecting to see a lot more squeezes on retail longs and manipulation. So my focus will be on S&P and Dow this week which show relative strength. However, to add any new long positions I will be looking at last week (18-22 October) price range specifically the Discount range, where we should see the retracement to rebalance the buy-side and possibly deeper retracement to fill in the Gap. We'll see how it plays out, happy trading ;)
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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.