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Nasdaqanalysis

NASDAQ is expecting a bullish rally until Presidential pollNASDAQ After the massive rally by the market hopes and optimism about the healthy markets. During the starting of this month NASDAQ bleed massively as the sell of happens quickly.As its takes only 19 days to reach the current lower level which is 10660.00 But its take around two month to reach the points as felled in recent day We can expect rebound from the 11035 support level. As President TRUMP is infected with COVID-19 minor lower correction are expected towards the 11035 level. If the health condition of the President improves the market will get boost from the positive news.The election developments may negatively impact the NASDAQ. I am expecting NASDAQ will reach the 12600 at the end of next month. Give a like if you found useful and share with your friends and trading community.And tell about your opinion in the comment section below
ULong
by forexorbit
3
Will Nasdaq exceed highs again?Nasdaq 100 Index // Ticker: NDX // Logarithmic scale // 4 Hours time frame. Since the nasdaq peaked in early September, it has not been as strong as before. In the previous analysis we recommend not taking long positions because it was in a phase of euphoria and at any time it could correct as it has happened. At this moment the scenario for the 4-hour temporality is lateral. Bearing in mind that the index is trading below the SMA30, be careful if the bears decide to push the index lower. Let's not forget that the long-term trend is still quite bullish but that in lower time frames we can have downward or range trends. Our recommendation: The elections to elect the president in the United States are very close and volatility is going to increase, therefore the operator must take this relevant fact into account. For the moment we will continue to open long positions operating in day trading since we do not feel comfortable with long positions in the medium or long term with the astual technical scenario.
TVC:NDQ
by MyWealthAssets
2