In my weekend comment, I said that I'm bearish Nasdaq and I expect a drop sooner rather than later, and looking at the daily chart after yesterday's vaccine news I become more bearish.
After the hanging mean which concluded last week's run, yesterday we have a very aggressive reversal day that engulfs all Friday's rise and this for me is a clear signal that bulls lost control, vaccine, or no vaccine.
I will look to sell above 12k figure and as a target, I look for 11k zone but I wouldn't be surprised if it drops to 10k in the medium term
After the hanging mean which concluded last week's run, yesterday we have a very aggressive reversal day that engulfs all Friday's rise and this for me is a clear signal that bulls lost control, vaccine, or no vaccine.
I will look to sell above 12k figure and as a target, I look for 11k zone but I wouldn't be surprised if it drops to 10k in the medium term
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.