Ustech100
NASDAQ SETUP📪 NEWS TO LOOK OUT FOR TODAY AND HOW IT WILL MOVE THE MARKET 📭
- IPhone 12 Pro is $100 more expensive than the IPhone 11 Pro: people can’t afford it, weak economy, no approved stimulus.
- Trump’s stimulus offer didn’t meet requirements: when stimulus does get approved stocks will sky rocket.
- Amazon prime day today, expect Amazon to rally: German Amazon employees are striking today during Amazon prime day due to wages + over 16K employees are infected with Covid-19
- Apple 5G: expect more sales on the Asian market, can expect to Apple to rally during Asian sessions.
- US presidential election coming soon: markets will mostly consolidate and not make new highs or lows until there’s clarity on who’s going to win.
all of this news affects Nasdaq
USTECH100, Nice possibility to Buy!If the price will cross the Resistance Level we can look for the Buy trade.
It's a huge possibility it will retest All-time High after such upward accumulation!
The potential profit will be 3 times bigger than the risk.
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Nas 4hrs AnalysisHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
NASDAQ SETUP - DON'T SLEEP ON THIS $07/20/2020 NEWS FOR NASDAQ
- Trump halts stimulus, stocks fall drastically which represents that the market is heavily dependent on a stimulus.
- Trump immediately counter acts his tweet to a much lower stimulus. Why? Well because he is heavily dependent on the success of the markets - I assume he tried to repair the damage of the stocks after the the sell off from the negative news, this shows that Trump will do almost anything to see the markets succeed which Investors already know.
- Apple new Iphone launch date 13 October, Apple does extremely well selling iPhones so we can expect a rally in tech stocks during the event and the day before. Keep in mind that the economy does need a stimulus so a lot of household can’t afford the Iphone 12 due to lack of funds, all though this factor won’t rival the rally.
- Biden is full in for stimulus backing, him leading the polls and mainly winning would lead to a rally in stocks.
- Major Tech companies under investigation.
Nasdaq - Trade opportunity! Short term trade idea:
Pattern wise within Nasdaq - Double bottom, measuring it comes to 38.2 Retracement of Fibs which is matches nicely key retracement area.
Above 11270 Area bullish with the resistance areas of: 11480 - 11560 - Target area for double bottom = 11815 - 12000 area.
Below 11085 Area Bears could come in control with key support areas of: 10930 - 10711
Medium term: I am bearish US Indices, Precious Metals, EUR, AUD, NZD - This would be a counter trend move, please use appropriate risk management.
Target for EUR - Low ends of 1.16 to 1.15 area to position for longer term EUR target of 1.22/1.25
All the best,
Trade Journal
Remember: Just a trade idea, not a recommendation.