The Nasdaq 100 looks like it will move lower. After tagging the 40 week moving average and yearly pivot level on this throwback to ~15,000 it formed a shooting star candle followed by a bearish engulfing. Apart from the Covid lows we are also at extreme oversold levels, yet this does not meant the market cant go lower.
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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.