Nasdaq Computer (IXCO) Is nearing pullback territory (23,717 resistance). IXCO being the largest sector in Nasdaq (IXIC) means the composite index, now that it's over previous resistance, is also looking for a pullback into support (20,160).
It's possible IXCO will break resistance next year and if that happens whatever gains are made will be lost on an eventual drop back into support.
If you have call options on NVDA or other tech companies closing them when IXCO hits 23,717 is highly advisable. If it hits there around this January it could be 2 years before IXCO resumes the uptrend past 23,717. Calls will likely get destroyed during this time.
Another note is lots of tech IPOs are occurring this year with lofty valuations. When this IXCO pullback comes they are likely to get hit hard. It's a great opportunity to short or wait to buy up the ones you like when the pullback is over.
As always good luck and try your best to avoid getting into new tech related trades as this year ends. It's going to be a great idea to have cash ready next year.
It's possible IXCO will break resistance next year and if that happens whatever gains are made will be lost on an eventual drop back into support.
If you have call options on NVDA or other tech companies closing them when IXCO hits 23,717 is highly advisable. If it hits there around this January it could be 2 years before IXCO resumes the uptrend past 23,717. Calls will likely get destroyed during this time.
Another note is lots of tech IPOs are occurring this year with lofty valuations. When this IXCO pullback comes they are likely to get hit hard. It's a great opportunity to short or wait to buy up the ones you like when the pullback is over.
As always good luck and try your best to avoid getting into new tech related trades as this year ends. It's going to be a great idea to have cash ready next year.
トレード稼働中
Marking this as trade active to warn in case of IXCO pullback. Take caution in the computer sector here.
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これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。