GOOD MORNING,
hope all is well. Currently NDX is consolidating. This shows us that there is buying and selling happening throughout the NASDAQ but not confirming the confidence we need in the market. This could be a good spot to capture some short term trades but also riskier. If the market loses confidence this could lead to a sharp decline which will also affect your trades. A good safety zone is always on breakout and then confirmation.
hope all is well. Currently NDX is consolidating. This shows us that there is buying and selling happening throughout the NASDAQ but not confirming the confidence we need in the market. This could be a good spot to capture some short term trades but also riskier. If the market loses confidence this could lead to a sharp decline which will also affect your trades. A good safety zone is always on breakout and then confirmation.
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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.