Short
NASDAQ Daily Projection 07/10/22
NASDAQ
NASDAQ, which was also unable to penetrate its 100 MA, has re-entered the support range of 11368 - 11470. The MA8 seems to be starting to slope down and will make a death cross with the MA20 and re-confirm its downtrend. Price corrections on the Daily timeframe have also been made, thereby increasing the probability that the NASDAQ will fall again.
[Possible to take]
Doing a SELL does not get a good RR.
R3 12441
R2 12211
R1 11675
PV 11470
S1 11368
S2 11300
S3 11091
NASDAQ, which was also unable to penetrate its 100 MA, has re-entered the support range of 11368 - 11470. The MA8 seems to be starting to slope down and will make a death cross with the MA20 and re-confirm its downtrend. Price corrections on the Daily timeframe have also been made, thereby increasing the probability that the NASDAQ will fall again.
[Possible to take]
Doing a SELL does not get a good RR.
R3 12441
R2 12211
R1 11675
PV 11470
S1 11368
S2 11300
S3 11091
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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.