NASDAQ 100 struggling as investors await clarity on fed policy.
Nasdaq Composite futures facing downward pressure after struggling to maintain positive momentum from last week.
Nasdaq 100 index are looking overbought and have run into stiff resistance areas, raising the risk of a minor retreat, especially if Fed Chair Powell’s tone later Wednesday is hawkish. However, any retreat is likely to be short lived given improved upward momentum on higher timeframe charts.
Trade Strategy:
Short or Book profit from 15800
Tp-13676.
Good luck
Nasdaq 100 index are looking overbought and have run into stiff resistance areas, raising the risk of a minor retreat, especially if Fed Chair Powell’s tone later Wednesday is hawkish. However, any retreat is likely to be short lived given improved upward momentum on higher timeframe charts.
Trade Strategy:
Short or Book profit from 15800
Tp-13676.
Good luck
Trade closed: target reached:
First target Hit