NASDAQ has touched the second support (turning into a bearish market) but quickly returned above the first support.
We're in an uncertain time. However, a strong return above the weekly support usually points towards a bullish movement and candle looking bullish.
I'm keeping my rating neutral for now due to the external events and Bullard repeating he wants to see FED rates 100 BP higher by July 1.
We're in an uncertain time. However, a strong return above the weekly support usually points towards a bullish movement and candle looking bullish.
I'm keeping my rating neutral for now due to the external events and Bullard repeating he wants to see FED rates 100 BP higher by July 1.