Time to be less aggressive on the long side and look for shorts
Nasdaq has run up over 14.5% since bottoming on June 16th, 2022, time to be less aggressive on longs. We took out overnight highs again this morning on a fast retest, SNAP earnings damage reverberating through META GOOGLE and TWTR. Nasdaq needs a retest of the recent breakout zone 12,200, 250 points lower from here.
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.