JoeChampion

NASDAQ is approaching a significant level.

Short
PEPPERSTONE:NAS100   US 100 Cash CFD
Hey Traders, in the coming week we are monitoring NASDAQ for a selling opportunity around 18300 zone, NASDAQ is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 18300 support and resistance area.
We would also like to consider the current bullish bias on DXY due to the negative correlation that may put extra pressure on NASDAQ.
Trade safe, Joe.

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