Just closed my position with a 39% gain! 🚀 Adobe is currently trading at $620, showcasing a strong bullish trend with potential for further growth. Based on current momentum, there are two key scenarios to watch:
1. Bullish Continuation: The price could surge towards the $640 mark, extending its bullish trajectory.
2. P otential Retracement: Alternatively,...
As we step into the second week of September, we've observed a promising start with some key indices showing positive momentum.
NAS100 & QQQ Analysis:
- The tech-centric NAS100 and QQQ began the week on a brighter note, showing green after a bearish week.
- Tomorrow's Key Levels for NAS100: Watch for a potential break above the 15,500 level. A decisive move...
Key Observations:
1. QQQ has been consistently forming an ascending triangular channel, which signifies potential upward momentum but also hints at a decisive move coming soon.
2. The crucial level to watch: $175 . This price point represents a significant decision zone for QQQ.
Possible Scenarios:
📈 Bullish Case : If QQQ manages to break and sustain above...
Currently, the NAS is delicately poised within a distinct channel, positioning itself beneath the 15,500 threshold. This presents traders with a critical decision point.
Key Levels to Observe:
- Breakout Potential : A decisive move above the channel and especially past the 15,500 mark might indicate bullish intent and a potential upward swing.
- Breakdown...
The SPX is currently navigating the terrains of a well-defined channel, positioning itself just above the 4500 benchmark. This range presents an intriguing juncture for traders.
Key Levels to Monitor:
- Breakout Potential : Should we witness a convincing break above the current channel, it could signal a continuation of bullish momentum.
- Breakdown Risk : On...
After a bullish run, the US30 appears to be taking a breather, sculpting a descending triangular channel in the process. A keen observation reveals 34,750 acting as a pivotal support level.
Key Levels to Watch:
- Breakout Potential: A surge above the 34,750 level might set the stage for a potential rally to 35,000.
- Breakdown Potential: Conversely, a...
