Nasdaq: Weekly Forecast 20210711
Nasdaq was faced with a selloff but managed to recover quickly on the last trading day.
Essentially, the market is trading within a rising channel and it is very well supported by moving averages, showing nothing but bullish.
We continue to expect Nasdaq to climb further but will constantly face resistance over the course.
This week, if the price come down at the beginning, we will wait for a pullback towards 14730 to buy.
If the price trends higher, we will simply reassess another pullback level to buy again.
Essentially, the market is trading within a rising channel and it is very well supported by moving averages, showing nothing but bullish.
We continue to expect Nasdaq to climb further but will constantly face resistance over the course.
This week, if the price come down at the beginning, we will wait for a pullback towards 14730 to buy.
If the price trends higher, we will simply reassess another pullback level to buy again.
Related publications
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.