US Tech 100 setting sight for ALL time highs - Target 23,671Buy the dip. Never fails as the American markets will always recover.
The question is however, where is the bottom of the DIP and have I considered what risk to take if it continues to dip.
That is what actually causes portfolios to get blown.
However, I don't buy Dips. In fact, I don't buy low, sell high.
I buy HIGH sell HIGHER. Always have always will.
When momentum is on the way, it is better to get on the trend and ride it on up.
And that is WHAT the US Tech 100 is showing or the Nasdaq.
Technicals look great too.
Inv Head and Shoulders
Price>20 and 200MA
Target 23,671
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Longnasdaq
Nasdaq onwards and upwards to ATH at 16,500Extended W Formation has formed on Nasdaq.
SImilar to Dow Jones.
They seem to be leading indices which could drive up the JSE ALSI 40 along with it.
We need to bne open minded for potential change ahead but trade according to what we SEE rather than what we feel.
Other indicators are showing upside to come.
7>21>200
RSI>50
Price breakout downtrend
Target 16,500