Nasdaq Going Long Nasdaq will go long if it doesn't break 12940 level, which I indicated as the new support level
Ustech100
NASDAQ 100 (USTech100)The Nasdaq may now have finally ended its upward momentum that began in 1985. The mandatory target of the superior wave 2, which should have been started now, is the 38.2 retracement of the entire movement and is currently at 8125. The downward movement since the high can be counted as a five-wave and thus represents a first important indication for the correction that is now starting to take place.
NASDAQ TRADE IDEA - HAPPY NEW YEARHAPPY NEW YEAR EVERYONE!
This is my setup today, we can see Nas has been playing outside the consolidation box which is a good sign to go short, we can also see a pennant has formed which is bullish, I'm expecting nas to head up to my zones as per price labels and arrows the reject and continue heading down.