STRONG Support and FAST MovementAs you can see on the chart we have tow level in top and bottom
price is so close to Support levels and long term Target is 1900 so its a clean Trade to get.
we expect a Fast movement to hit target.
Hotmoney
Nasdaq: Weekly Forecast 20210620Nasdaq managed to break a new high last week as it reached the top of a rising wedge.
While Nasdaq was able to remain somewhat bullish, both Dowjones and S&P500 ended the week in a loss, especially the Dowjones which shed off 3.7%, the biggest weekly loss in 8 months.
It is fundamentally reasonable for the stock market to come off the top as the Fed signals for earlier tightening of monetary policy which ultimately means a reduction for "hot money".
As such, we expect Nasdaq to follow suit and therefore we will be looking for selling opportunities this week at the top of the rising wedge, targeting at 13800 and 13500.
