Looks like this week's sell-off is coming to an end with NAS closing 170 points higher yesterday. We also see investors coming back into tech stocks with Apple and Microsoft up over 2.5%. As illustrated on my chart, the ideal buy zone for today 13100 - 13080. If price is able to break resistance at 13384 then we should see price continue higher and close this week around the 13500 - 13600 area. If inflation concerns continue then we might see NAS close in the negative. My bias is bullish today but will definitely be wary as there could be a fair amount of volatility.
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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.