No reason to go long here, resistance above at 14.8k. If it breaks through and retests 14.8k we will look to ATHs. However, i anticipate a move back down to 12.8 - 13.4k area. That would be the first buy area for me, but would reassess then.
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At resistance as expected. 14.9k for now, not an area to buy. Remaining cautious, more value in shorting here.
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Still at resistance. Might be pushing through, i will reassess on a clean break from the region and a retest. No reason to be a buyer at this level currently.
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still in an area of resistance despite mainstreams bullish narratives. I dont see the value in longing here. If anything patience is needed to see how this plays out. Market seems to be calling the feds bluff and believe more liquidity is coming sooner or later.
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I didnt see the risk / reward into longing resistance. However it just confidently broke through that the past few days. Any pullback to 15.1 - 15.2k area should be bought
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this idea was wrong from the start. Still think the nasdaq is overbought and a short term correction would not shock me. Thats my current bias.
Your just siting on sideline since 14k? Trains leaving
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@tradeprostocks2020, No, was sidelined at 14.8-9k. I didnt see the risk / reward into longing resistance. However, I agree with you it just confidently broke through that the past few days. Any pullback to 15.1 - 15.2k area should be bought.