A significant update on Nasdaq today
Hello traders,
This is a new update of the NASDAQ market after the release of the data news.Uh uh, that came uh, stagnant stable as expicted 241K, not much happened, but as you can see from the chart, the NASDAQ market really bounced.Off of the 50 moving average and went down a little to stop out traders who were putting their stop losses.Right below the 1 hour level 20300 and that is a trick that institutions, financial and money institutions and funds due in order to stay alone in the market and get rid of all the.Other traders and as I told you before, the market may go down for a correction and still move up since.There is no real impact on the market. I'm pretty sure that the target will be still the daily level that we.Talked about.Earlier, which is?Umm. 20474.And if that level is.Are broken. We should wait for a Pull back and then look for a long trade.to go and seek the next level which will be 20744.So please keep watching that level. As long as we have a bullish momentum, we should look only for a buy trade, not a sell since the four hours. the daily chart are still bullish and there is still a bullish momentum, so we should look for a buy.trade not sell trades. Thank you for your attention and good luck for everyone and take care.
This is a new update of the NASDAQ market after the release of the data news.Uh uh, that came uh, stagnant stable as expicted 241K, not much happened, but as you can see from the chart, the NASDAQ market really bounced.Off of the 50 moving average and went down a little to stop out traders who were putting their stop losses.Right below the 1 hour level 20300 and that is a trick that institutions, financial and money institutions and funds due in order to stay alone in the market and get rid of all the.Other traders and as I told you before, the market may go down for a correction and still move up since.There is no real impact on the market. I'm pretty sure that the target will be still the daily level that we.Talked about.Earlier, which is?Umm. 20474.And if that level is.Are broken. We should wait for a Pull back and then look for a long trade.to go and seek the next level which will be 20744.So please keep watching that level. As long as we have a bullish momentum, we should look only for a buy trade, not a sell since the four hours. the daily chart are still bullish and there is still a bullish momentum, so we should look for a buy.trade not sell trades. Thank you for your attention and good luck for everyone and take care.
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