NASDAQ uptrend?
The uptrend appears broken, but I believe that we'll likely regain the channel and head to 16+.
Need to be a little careful as the economic conditions are showing growth collapse, but I think any hint of rate holding/reduction from the fed will cause the market to rally.
Keep an eye, stay safe. I show a couple liquidity targets, and the channel that was broken on friday on the chip selloff. I suspect we'll regain the uptrend next week, but can't predict.
It'll be tricky to trade. Up is wrong, down is wrong, sideways is also, somehow, wrong. Keep it short and tight.
Need to be a little careful as the economic conditions are showing growth collapse, but I think any hint of rate holding/reduction from the fed will cause the market to rally.
Keep an eye, stay safe. I show a couple liquidity targets, and the channel that was broken on friday on the chip selloff. I suspect we'll regain the uptrend next week, but can't predict.
It'll be tricky to trade. Up is wrong, down is wrong, sideways is also, somehow, wrong. Keep it short and tight.
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.