NQ1! NAS100 NASDAQ 2023 APR 24 WEEK
Last week Nasdaq was easy right? Why? - Cos no trades per scenario1 lol.
NQ continued to rotate.
Weaknesses have manifested, so if you are holding long, may be
a good time to take profit during this toppish structure.
Possible scenarios:
1) Market stuck in a 250pt range, wait till supply/demand is
resolved
Then:
2) Breakout of upper boundary to test 13740
= long at support of upper boundary of range
3) Breakdown of lower boundary of range
= Short on rejection of 12950
4) If you can't live without trading, you may look for long on
support between 12950-13040 | Short on rejection
between 13350-13212
Volume Analysis:
Daily: With the increase in supply volume and toppish market
structure, this may usher in another round of distribution
(i.e. selling)
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14361 13740 13550
13316 12950 10710 - 11068
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
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.
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纳斯达克容易相处的原因是什么？
Upside trend is still under the way.