Long

Keep buying nasdaq dips

By breakoutfakeout
Nasdaq appears to be in parabolic move, if we draw a channel we can see there is still plenty of upside.

NQ just keeps bouncing off every support it finds and all moving averages are extremely bullish. I would say we could go at least to 11500 and higher.

The only exception to considering shorts would be extreme divergences on the charts as we go along.
Chart PatternsTechnical IndicatorsnasdaqNQNASDAQ 100 E-MINI FUTURESnq100QQQTECHTrend Analysisus100
breakoutfakeout

Disclaimer