Long
NASDAQ Daily Projection 04/10/22
NASDAQ
NASDAQ managed to rise to touch the resistance at 11300 last night. However, the MA pattern did not form a temporary uptrend, which means the price will correct back to support 11091 today while waiting for the trend confirmation on this index. Support 11091 will determine whether the NASDAQ has ended its downtrend and confirmed a temporary uptrend or not.
Possible to take
It is better to wait for the trend to be confirmed before entering this index.
R3 11675
R2 11470
R1 11368
PV 11300
S1 11091
S2 10947
S3 10825
NASDAQ managed to rise to touch the resistance at 11300 last night. However, the MA pattern did not form a temporary uptrend, which means the price will correct back to support 11091 today while waiting for the trend confirmation on this index. Support 11091 will determine whether the NASDAQ has ended its downtrend and confirmed a temporary uptrend or not.
Possible to take
It is better to wait for the trend to be confirmed before entering this index.
R3 11675
R2 11470
R1 11368
PV 11300
S1 11091
S2 10947
S3 10825
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