nq still bullish, maybe some correcting due.
nasdaq is showing continued strength and is still making some large bullish impulsions.
It recently touched the top of the channel it has been riding in. Then it made a consolidating double top. Never say a market can't go higher, but a while back I did say that 14500 was a possible target so that would be kind of neat if the markets picked that area as a turn around point.
That wouldn't mean that you should turn bearish, but if it goes back to the dotted line or the bottom end of the channel it wouldn't make me change anything on my chart.
It recently touched the top of the channel it has been riding in. Then it made a consolidating double top. Never say a market can't go higher, but a while back I did say that 14500 was a possible target so that would be kind of neat if the markets picked that area as a turn around point.
That wouldn't mean that you should turn bearish, but if it goes back to the dotted line or the bottom end of the channel it wouldn't make me change anything on my chart.
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