learner_21_ameen

Nasdaq (US 100) near its bottom. Dont expect much downside.

Long
Nasdaq near its trendline support and very near to 200 weekly ema (only touches during crash period).
Also Weekly rsi is heavily oversold with a bullish divergence.
Market cap of s&p500 index came down to near its december,2020 period. it means all surplus (of covid period) already sucked out of markets.
Soon a bottom will be formed and markets show a meaningful bounceback.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.