The Nasdaq Composite is about to break above what will be it's next major support. When this happens stocks usually fly quite high. Please remember that it will likely want to hit back into this support at some point. So when you get big gains after this happens, do not enter new positions, just ride them. You also might want to trim some off and wait for the pullback into support before adding new positions.
As always, good luck!
As always, good luck!
Trade active
S&P 500 looks quite strong here and isn't letting the nasdaq pull it down at resistance. I'd expect this is the support IXIC needs to break resistance Note
Nasdaq consolidating just like spx. as long as it holds above 19,870 keeps the hopes of busting resistance alive! Note
Watching bloomberg today, it's wild the fear and narrative they're coming up with to explain these moves. They have all these negative reasons for the panic yesterday and today. Everything except the right answer: that we're ranging under major nasdaq resistance. I feel like the sell off in everything this morning is a pretty good sign this range is close to ending. Panic is likely to result in breaking out above.Note
IXIC hit next lower support today. I would think this has to be the end of the sell off. 
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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.