impressiveSeaf70631

impressiveSeaf70631

The RSI has crossed below the levels attained in March sell-off. The selling has been intense which cooled off the indicators and brought to closer to the oversold levels. A bounce or at least a pause in the selling is imminent.

impressiveSeaf70631

META approaching a significant zone - 160-165 range, where we can see a possible pullback based on the below: - 50WEMA - 200DMA - Fib pocket - Previous support zone

impressiveSeaf70631

DXY consolidating around this 104 level for the last couple of weeks. The volatility is shrinking in a wedge form.

impressiveSeaf70631

The trendline has some significance and I would be surprised if S&P can beat it in this attempt.

impressiveSeaf70631

Nasdaq is going to test a significant level. the level has some importance due the following reasons: Double bottom scenario - a recent low 50% fib retracement from March 2020 to its all-time high. 5 0-week EMA - this has prevented the index from free-falling on at least 3 occasions in the past.

impressiveSeaf70631

NASDAQ is going to test EMA200, in the past, on 2 occasions this moving average is proven to support and the bearish trend has shifted. Why we shouldn't expect the same!

impressiveSeaf70631

Daily closing with a hammer and high volume, MACD crossover, and bullish RSI APPS is ready for a bull run. To bring more excitement it needs to break out the bearish channel.