U.S stocks market especially technology sectors may soon start to retest it strong resistence level.
Looking at chart behaviour in Nasdaq 100, a significant inverted h&s is currently in formation (Right shoulder as now).
As this pattern complete and break higher neckline, technology will lead again the market. Not to say suprise, this sentiment can be derive from incoming Q earning.
But on dip in technology counter for now seem lowrisk high rewards. However, define your trading position😎
Happy trading guys
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments