Possible long ?I’m looking at going long on nasdaq
There are some economic factors to consider trump.has imposed new tariff threats softening consumer demand Tariffs would affect lumber and forest products previously imposing tariffs on imported cars semi conductors and pharmaceuticals.
Tesla has also dropped because of recalls on the cars do to electric power steering defects
However I’m curious as to what trump will say in the later days considering he uses tarrifs as a bargaining chip. We have seen the last time this has happened that Nasdaq was able to recover the following week
In addition the 1h and 1d chart looks like a cup and handles pattern and price has coincidentally dropped Friday to create the handle
Down below I have two logical areas to consider 21,570 and 21,400