A confluence of fundamental and technical factors supports a long position on Nasdaq. COT data, retail positioning, seasonality, GDP, SPMI, inflation, and interest rates all align with a bullish outlook. Technically, price is in a discounted zone relative to the monthly low’s anchored VWAP, presenting an optimal long entry within the overall bullish trend. My target levels are set based on risk-reward principles, aiming to capture trend continuation if momentum sustains.
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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.