JICPT| NQ may test 10000 level for 1st time since June 2020
Hello everyone. From the crypto currency to bond market, global market got great hit by unexpected surging inflation and rate hikes followed. Even gold dropped, the safe heaven asset faces selling pressure as well. It seems only the USD got attraction.
So, what about NQ? My last published idea titled 'NQ may drop further to 11500!' worked. It bounced back from 11500 until the flip level marked on the daily chart.
By using the fib extension tool, I found a relative stable demand level around 10000 which is also a key whole figure. I mean, price may retest the level amid more aggressive rate hikes concerns. That'll be a 40% drop from the high created in Nov of last year.
But based on my historic annual return analysis, if NQ achieve negative return this year, the next 2 years will be fantastic for bullish buyers. The worse the better.
What do you think? Give me a like if you're with me.
So, what about NQ? My last published idea titled 'NQ may drop further to 11500!' worked. It bounced back from 11500 until the flip level marked on the daily chart.
By using the fib extension tool, I found a relative stable demand level around 10000 which is also a key whole figure. I mean, price may retest the level amid more aggressive rate hikes concerns. That'll be a 40% drop from the high created in Nov of last year.
But based on my historic annual return analysis, if NQ achieve negative return this year, the next 2 years will be fantastic for bullish buyers. The worse the better.
What do you think? Give me a like if you're with me.
plan your trade and trade your plan
