Riding on the wind of change
Nasdaq had broke the historic 10,000 price level resistance and is poised to go higher. That is why you see our posts on FB, Amazon, among many others have risen lately.
When the tides rise, all ships on shore will be lifted up, regardless of your size. Thus, I am of the opinion that RUT will have more leg room on top. Let the drop begins and see how far it goes before adding long.
When the tides rise, all ships on shore will be lifted up, regardless of your size. Thus, I am of the opinion that RUT will have more leg room on top. Let the drop begins and see how far it goes before adding long.
Note
RUT also end the day with a bearish pin bar.Let's see if it will rebound from the bullish trend line or break down.Note
1446 is the resistance it must break above to continue the bullish trend else the chance of breaking down of the bullish trend line prevails.Note
1 month has passed and the price action is moving nicely. Watch SPX500 next week as it approaches a critical resistance level at 3354. Will it break up and goes higher or have a correction ?
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