Nasdaq trade idea
Nasdaq has been bullish the past 2 weeks, main reason for this is because:
1. Earning season.
2. Success and bull run of the crypto market.
3. FED Rate.
4. Weekly jobless claims decreased.
For now with Nasdaq it would be safer to look for buy opportunities, all though we need a market correction I doubt we will get a big sell until earnings are over.
Today we have a buy and sell zone, looking for a short retracement before earnings are released and then buy Nasdaq in our buy zone to continue riding it up, this buy zone is considered an early buy zone considering the volatility, ideally we would like to buy lower down but with earnings I doubt we will get the price we want.
1. Earning season.
2. Success and bull run of the crypto market.
3. FED Rate.
4. Weekly jobless claims decreased.
For now with Nasdaq it would be safer to look for buy opportunities, all though we need a market correction I doubt we will get a big sell until earnings are over.
Today we have a buy and sell zone, looking for a short retracement before earnings are released and then buy Nasdaq in our buy zone to continue riding it up, this buy zone is considered an early buy zone considering the volatility, ideally we would like to buy lower down but with earnings I doubt we will get the price we want.
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