Nasdaq racing to 18,800 level - Trenders haven

5 mar

SInce the Nasdaq reached our take profit, our hands have been sat on!

It's tricky for a breakout trader to trade the trends. We never know how long to hold on for (with daily interests that eat up our portfolios).

So, I can only assume the uptrend will prevail until it reaches a target of 18,800. This is most likely where the US 30 will reach its target at 40,000 psychological level.

But until then, we'll just wait for our breakout pattern to emerge.