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IrinaTK

Nasdaq have crossed its 50-day MA on relatively big volume

Short
Nasdaq 100 Index (NASDAQ_DLY:NDX)  
IrinaTK  
NASDAQ_DLY:NDX   Nasdaq 100 Index
Trend Analysis Chart Patterns Beyond Technical Analysis
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trendanalysis chartpattern beyondta
Nasdaq moved below the 50-day MA on relatively big volume as investors' risk aversion increased on rising geopolitical risks. Yet the chart for the NQ looks bearing for the short-term. We expect short fluctuations to the upper side. However, we recommend to sell during the up-movements as we believe that the positive news is exhausted for now.
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