franzmido
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since Jan 8, 2018
beyondta
supportandresistance
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Consider longs if sustained breakout above 1.4k, 600-700 range and 300-400 range
2
Jan 2020 was 'overvalued' already in Jan 2020 lenses. Sector rotation to cause dump due to the catch-up trade in value stocks. Will cause overreaction and overcorrection, which means it's a good opportunity to buy then. Case for NQ to gain 0% in 2020. Good entry point.
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2800-2900 should be strong resistance, given that we had a extremely strong downside move after previously breaking that level. Coupled with many other factors such as already a 27% retracement move, economic data still in shambles, struggling price action around this zone - my money is on a retracement to 2500s at the minimum.
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