Friday is going to be very dangerous for the NASDAQ100 Index and therefore I won't be placing any trades until I see what the weekly candlestick ends up looking like. stockmarkets equities
The market is likely to look at this area as a potential support level, as we had formed a hammer here during the Monday session and of course the 15,500 level is an area that has been supportive multiple times. Because of this, I am paying close attention to this index, but I also am a bit hesitant to get overly bullish.
. What if I short this market? Absolutely not. I could buy puts, but at this point in time that is about as bearish as I would get. Ultimately, this is a market that I think will continue to see a lot of noise just below, but it certainly has not done itself any favors during the trading session on Thursday. This sets up for a very dangerous Friday session, so at this point in time we absolutely will have to turn things around or things could get ugly rather quickly.
I suspect that you are probably better off waiting to see what happens during the Friday session instead of trying to rush into the marketplace. That being said, if we can turn around and take out the 50 day EMA to the upside, it is very likely that we could see this market go much higher, perhaps reaching towards the recent resistance barrier near the 16,500 level or so. As per usual, you need to keep an eye on some of the highflyers such as Tesla, Microsoft, and Google.
The NASDAQ 100 simply cannot rally without those stocks doing well, and therefore you should think of this more as anFriday is going to be very dangerous and therefore I will be placing any trades until I see what the weekly candlestick ends up looking like. With this, caution is urged
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Silver Price Forecast: XAG/USD faces strong resistance at the confluence of the 50/100-DMASilver Price Forecast: XAG/USD faces strong resistance at the confluence of the 50/100-DMA By christianborjon Silver XAGUSD Macroeconomics Technical Analysis
Consulte Mais informação »
Police: 2 women arrested for stealing over 100 TVs worth $250,000Two women were recently arrested for stealing commercial-grade televisions, according to police.
Consulte Mais informação »
Largest ever fish colony hosts 100 billion eggs under Antarctic iceIn the Weddell Sea near Antarctica, scientists have found the largest colony of fish nests in the world, covering 240 square kilometres
Consulte Mais informação »
AUD/USD Price Analysis: Marches firmly above the 100-DMA towards 0.7300After the reléase of important US macroeconomic data, the Australian dollar rallies 1.11%. At the time of writing, the AUD/USD exchanges hands at 0.72
Consulte Mais informação »
Muni Long Leads Emerging Artists as ‘Hrs and Hrs’ Clocks In on Hot 100 & R&B ChartsMuni Long leads the EmergingArtists chart as 'Hrs and Hrs' clocks in on the Hot100 and R&B charts
Consulte Mais informação »