Nasdaq - cautiously optimistic (inv H&S)
After the steep sell off in September, NQ is now forming a possible inverted Head & Shoulders. A break up of the neckline @ 11585 will confirm that the worst is over and NQ is likely to at least go back to the high of around 12500 (inverted H&S target).
With RSI back >50, I am cautiously optimistic that another swing up is likely.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
With RSI back >50, I am cautiously optimistic that another swing up is likely.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.