Nasdaq is up more than 2% after several days in the red, coinciding with the fed's will to lower the interest rates to calm the trade war. Although it is a counter-move to buy now, the analysis of a bull run or a pullback is supported by the double-bottom formed with the low of March the 8th. We experienced a sharp decline of bear volume since the 11% correction from the year's high.
Setup to be watched closely :
- Buy @now
- SL @7000.00 (Institutional Level near the current strong support)
- TP @7643.00 (Close to 7700.00 which is 2018's high)
Setup to be watched closely :
- Buy @now
- SL @7000.00 (Institutional Level near the current strong support)
- TP @7643.00 (Close to 7700.00 which is 2018's high)