#NASDAQ 100, Will the declines stop?After an 8% drop, is it time to buy again? If the fundamental analysis is ignored and we focus on technical analysis, we will draw some conclusions:
According to the Ichimoku indicator, there is no change and the bullish model is still strong and stable.
The last drop in May was about the same amount of decline and you know the sequel ...
The 7600 has strong support of moving average 200 line.
Target: 8400
Nasdaqidea
NASDAQ has completed bearish shark and turning bearishNDAQ has completed a bearish shark pattern.
The volume profile is showing that stock market traders are not interested to trade here.
The RSI is overbought and turning bearish.
The MACD was strong bullish but now it is turned weak bullish.
Regards,
Atif Akbar (moon333)
NASDAQ NQ1! 1 HR in a Range Trade 11:00 NYT a.m.RANGE
Today we do see Nasdaq in range bound
from 7560 to 7620
I have marked the range with 2 red lines for easy view.
To check an outbreak of these range we do need a fall below
the support 7560 or a start to new highs with an outbreak above 7620
Till one of these scenes will happen i suppose to do nothing.
After the decision its more easy to go in a long or short position.
As we come from a long scenario maybe the decision to the upside is
more likely than to the downside but thats not shure.
Good trades