Updated

Will the NASDAQ continue to recover or are we in for a pullback?

I like to trade the more speculative tech and future energy type stocks so its been an ugly ride on these on the NASDAQ lately. ARK type ETFs getting punished and the stocks they contain.

Nice to see that the NASDAQ / QQQ is back up above its 20 day and through a resistance area, but Volume is still looking weak.

OBV and MACD hopefully hinting at an upward move over the coming days.

Might be a bit of short term weakness still until it can consolidate a bit better at this level and stay above the resistance area. Time will tell.

I've deliberately left this chart as a NEUTRAL opinion to see what others think.

What is your view? LONG or SHORT and over what period?

Note

Looking like an uptrend for now which is good news/

zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

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zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

TRADINGVIEW TIPS: YouTube.com/@zAngus

Also on: