Nasdaq may have not be done with that bear market after all. You bought A dip but maybe not THE dip. This is not financial advise.
Even with that little push of this morning, investors are still seeing a bearish market for a bit. Nasdaq will go down again to hit the 200 day MA which is around 11735.00! Bears are quick, bulls are slow, never forget that. This is not financial advice, never risk more than 1%. Good luck.
I believe that NASDAQ is still bullish, because JP morgan, Goldman, etc are making more money than expected, that being said there's also the stimulus package coming, 1.8 Trillion $, they think it's maybe not enough, I say it's more then enough to push the economy on the move again!
With everything going on, and the election coming soon, I see market crash after hitting TTL (resistance). Careful, i'm no GOD, always trade 1-3% of your account. Congrats if you took the BUY/LONG trade on that hit on the TL
AND in November another Trump election coming? I see NAS going to the moon after this little drop. WHY? Because Trump does not want to be in a recession for his new term, the guy is going to do what he always does and end up the king of the stock market. And remember what the FED said they are willing to even to go to buy stocks themselves to prevent a market...
I'm no expert but i would watch out as we approach a significant trend line, will it continue to the downside or rebounce and continue it's way to the upside? Stay alerted
Not a professional trader, I can't see the futur but that's what I think it's going to happen based on my trading knowledge.
I maybe wrong, after all we can't see the future, but I see some sort of a triple top formation that is going to result in the 9750.00 region retest, and then a long position.
In Asia, some school and restaurants started to close again, preparing for the 2nd wave of infected. Is this a forshadowing of what is coming up next? Plus, was the economy in all time highs? Inflation crashing? What's up next?
With the massive coronavirus media alert that made drop the whole market (gold, oil, stocks, etc.) is it still a bearish movement or is it time for the bulls to hit it hard and push to the 10k's?
A little bear push and then the bull run to 10k begins, would the recent events the coronavirus hitting AAPL straight making them miss their quarter goal we saw a big push to the downside but now after recovery and the situation stabilizing in Asia, we can see the market regaining forces and ready for another beautiful bull run to hit a all time high and...
Based on the fact that the banks and alot of people are working on saving the stock market from Coronavirus and the Elections 2020 (USA) I am pretty convinced that this is a bullish market for now. #BestOfLuck #BullsRun
XAUUSD - Nice drop starting next week. Hit support, come back up afterwards #gold #xauusd #makeItRain #dontForgetYourStoploss