I've been calling for a strong correction in the Nasdaq (and all major U.S. indices) since the start of the year—long before the tax war even began. I warned that a break below 20,000 was likely, with my final target set around 17,500.
And indeed, the index has fallen—regardless of what the so-called "cause" might be. Right now, Nasdaq is trading at 18,400, sitting right at a minor horizontal support zone.
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A Short-Term Rebound Before More Downside?
📉 Overall Bias Remains Bearish – The broader trend still points lower.
📈 Rebound Likely – A push above 19,000 in the coming days wouldn’t be surprising.
⚠️ High-Risk Setup – Going long here is risky, given the current macroeconomic backdrop.
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Trading Strategy: Short-Term vs. Long-Term
✅ For Short-Term Traders & Speculators – A temporary upside correction could offer a buying opportunity.
❌ For Swing & Long-Term Traders – It's better to wait for this rebound to fade and position short for the next leg down.
While a bounce could be on the cards, the bigger picture still points lower—I remain bearish in the long run. 🚀
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
And indeed, the index has fallen—regardless of what the so-called "cause" might be. Right now, Nasdaq is trading at 18,400, sitting right at a minor horizontal support zone.
________________________________________
A Short-Term Rebound Before More Downside?
📉 Overall Bias Remains Bearish – The broader trend still points lower.
📈 Rebound Likely – A push above 19,000 in the coming days wouldn’t be surprising.
⚠️ High-Risk Setup – Going long here is risky, given the current macroeconomic backdrop.
________________________________________
Trading Strategy: Short-Term vs. Long-Term
✅ For Short-Term Traders & Speculators – A temporary upside correction could offer a buying opportunity.
❌ For Swing & Long-Term Traders – It's better to wait for this rebound to fade and position short for the next leg down.
While a bounce could be on the cards, the bigger picture still points lower—I remain bearish in the long run. 🚀
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.