The Nasdaq is flying as we expected! Now, let's be careful...

The Nasdaq looks great, and it is flying as we thought it would, but we might see some correction tomorrow. It seems it is too overbought, at least in the short term, and the RSI indicates that. We have no confirmation that we'll see a correction on the price yet, but this is a possibility that we must keep in mind.

The 13,400 would be the next stop for us, in theory.


The 4h chart looks great too, and the RSI divergence worked wonders for us! We have yet to hit the 13,716, and I believe we'll hit there, but not tomorrow. Maybe next week. Either way, I invite you to stick around!

If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.

See you soon,
Melissa.