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NASDAQ | As if There was no VirusNASDAQ recovered to 98% of its highest values! We have the virus event, the stay-at-home orders, and now the riots and protests. Recently, the National Guard has been called out to support local law enforcement and to protect people and properties. From our perspective, the situation is very far away from stable economic activity/growth supporting current stock price activity/levels. We have been urging our friends and followers to be very cautious of long-side trades and to execute them with very narrow parameters, minor position sizes, and easy/tight targets and stops. The reason for this is because we are not confident that the underlying global economic fundamentals support the current price trends and activities. Yes, the US Fed is pouring trillions into the economy attempting to support the US and global markets, but the view from the ground level is very different from the Wall Street office on the 20th floor. If you find this useful - give us a like! If you have the same or different vision for the future movement - comment!
OANDA:NAS100USD
by ForexTrendline
2
NASDAQ BreakoutWhile we wait for the development of other assets we can see a quick opportunity in the Nasdaq. The price broke the trend line of H1 and we expect to see a test at levels 9185 and 9108. A break below them means a deeper correction to 8950. The movement is also supported by the daily chart, where the price met serious resistance! If you have questions or suggestions, share them in the comments, we will be happy to answer you and discuss new opportunities for trades!
OANDA:NAS100USD
by ForexTrendline
2
NAS100 / ANALYSISHello TradingView! We still have a long ways to go down before we re-enter any serious LONGS here on NAS, especially since we're currently locked in a couple already from the previous weeks. Technicals are saying this is an up-trend. I would be more than happy to agree, but we also have to factor in the fundamental news that impacts the market as well. Technicals: Just waiting for the price to move down to LEVEL OF RESISTANCE. If the price closes before we know to enter a LONG in. This would make that level a Support Zone. OR If price was to close below LEVEL OF RESISTANCE we know to hold our short from the new retested HIGH from 19/May/2020 all the way down to 8600-8800 Fundamentals: Lots of 'news' about this vaccine and other market data, such as companies reporting a very slow month (which was to be expected here) we know that this previously has been a slower month for the majors in the index. Personal thoughts: I'm going to be patient, just ride my short down and see what happens. I don't need to enter anything more as I've already closed multiple LONG positions previous to this, this month and last month totalling over my goals for each month in Pips collected. After mapping out any position I'll wait until the next one has been presented to be on a silver platter, once that happens then and only then I will enter. So.. waiting for the LEVEL OF RESISTANCE to be played with before any immediate action. I hope everyone has a great week ahead and you all are making profit somewhere!
FX:NAS100Long
by UnknownUnicorn5989561