Hi guys we had a good week so far with NASDAQ, here is a analysis to be looking out for today(GREAT OPPORTUNITY!!!)
-We saw NASDAQ come done as analyzed in previous NASDAQ analysis, NASDAQ recently bounced off the support zone at 10525 and is going up again for now
-We are currently in a downtrend <---important
-NASDAQ also created a higher low which can indicate a trend reversal,but we also need that higher high to know its going up more
-We are still under the 200 SMA <---downtrend
IMPORTANT NEWS FOR TODAY BEING RELEASED:
-The US is releasing the following news which has a high impact on market:
-----Pending Home Sales m/m (Forecast: 15.6% Previous: 44.3%) if the actual is less than the previous we BUY NASDAQ -- we saw in the past that if the actual is less than forecast and previous NASDAQ flew up
What I'm doing:
--Im waiting for 4pm +2GMT time zone for news to be released then im going to BUY
-We saw NASDAQ come done as analyzed in previous NASDAQ analysis, NASDAQ recently bounced off the support zone at 10525 and is going up again for now
-We are currently in a downtrend <---important
-NASDAQ also created a higher low which can indicate a trend reversal,but we also need that higher high to know its going up more
-We are still under the 200 SMA <---downtrend
IMPORTANT NEWS FOR TODAY BEING RELEASED:
-The US is releasing the following news which has a high impact on market:
-----Pending Home Sales m/m (Forecast: 15.6% Previous: 44.3%) if the actual is less than the previous we BUY NASDAQ -- we saw in the past that if the actual is less than forecast and previous NASDAQ flew up
What I'm doing:
--Im waiting for 4pm +2GMT time zone for news to be released then im going to BUY
Trade closed: target reached:
I bagged some good cash!!! i entered at 4pm (+2GMT timezone) at 10604 and took profit at 10638 :)