Bullish case vs Bearish case for April
I am still macro bearish, but might see a relief pump from here to golden ratio 0.618 fib at $44500 before making new lows. Depends largely on if the Nasdaq index bounces back for the next week or two. There was a clear fake-out on the daily bear flag circles in RED.
My strategy is to swing trade, Long the bounces and short the key resistance levels. $42200 is a key resistance level with the daily 50 and100 MAs.
My strategy is to swing trade, Long the bounces and short the key resistance levels. $42200 is a key resistance level with the daily 50 and100 MAs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.