Nasdaq Analysis
hello Everyone.
The price has come to a key area of support as I mentioned in the group yesterday. This area of 11224 is very strong however we can expect a break of this area causing a long wick on the monthly/weekly. However I doubt we will see a month close under there.
Today we may see some bullish movements ready for the news release tommorrow, with expectation of even bigger bearish rallys. I would be looking for any reversals right now as this is a very bearish market and you don't want to get trapped.
today I can see price pushing back to 12636 - 11836 before pushing back down.
The price has come to a key area of support as I mentioned in the group yesterday. This area of 11224 is very strong however we can expect a break of this area causing a long wick on the monthly/weekly. However I doubt we will see a month close under there.
Today we may see some bullish movements ready for the news release tommorrow, with expectation of even bigger bearish rallys. I would be looking for any reversals right now as this is a very bearish market and you don't want to get trapped.
today I can see price pushing back to 12636 - 11836 before pushing back down.
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