As anticipated from the previous idea I shared, Nasdaq retraced back to 11585 zone and now we ride on the Bulls backs as we will hopefully revisit the record high. It has been a great journey with Nasdaq in the past few weeks.. Buyers are stepping in with confidence.
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The festive season is showing its presence already, our favorite index is proof. US100 broke 2 levels without any retracements and at this moment it is doing exactly that before the long continuatuon
I do expect it to go back to 11585 before it approaches its record high again.
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Criticism is very much...
The past four weeks Nasdaq has taken most people by surprise by dropping very hard and still looks very bearish. On Friday it made a another retracement up to 11180, I still expect it continue to this week and the following for a new lower low to around 10550.
Your opinion is highly appreciated, please do share your thoughts.
