This is a knowledge oriented video and I hope someone gains a bit of something from it.
Nasdaq is still struggling to find balance above 10000. There'a been several pull backs in the past week but it is still in a clear uptrend
This is a simple illustration of how I trade and where I think Nasdaq is going and why. Use this to assist your thought process
This view is more of a confirmation of my analysis for the week, I am waiting for the end of day to be able to tell where price will be going next but as a day trader, there often something to trade. Price tested a new high and could be looking at forming a new high low before a higher high.
Sound quality is not great because I'm away from home, working on my laptop. Important things in this: 1. This is a parabolic chart in the last few months. 2. The uptrend on the weekly and daily time frames appear to show some weakening.