Nasdaq - Which way are you going?
$NASDAQ(.IXIC)$is now hovering just above the weekly EMA 100 from which it rebounded strongly recently. This also coincides with the monthly EMA 20 around which it is poised.
Mr Fed has banged the table with a potential 50pts rate hike which obviously spooked Mr Market. So they sold off on the dot which brought along many growth names with it.
So tempting to add oversold counters like $Zoom(ZM)$$Roblox Corporation(RBLX)$and others! 😊
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