The NASDAQ's Alligator is hungry for a downturn
Hey there, if you're into trading and investing, you might want to pay attention to what the Williams Alligator is telling us about the NASDAQ. The Alligator is basically a set of three moving averages that helps us identify trends and potential reversals in an asset's price.
Right now, the Alligator for the NASDAQ is looking pretty bearish. The "jaw" of the Alligator is at 12,948, and the "teeth" and "lips" are pointing downwards at 12,939 and 12,932, respectively. What does that mean? Well, it means that the current trend is downwards, and we should be cautious about jumping in and buying stocks.
To put it simply, the NASDAQ's Alligator is giving us a bearish signal, which means we might want to think twice before making any bullish moves.
Right now, the Alligator for the NASDAQ is looking pretty bearish. The "jaw" of the Alligator is at 12,948, and the "teeth" and "lips" are pointing downwards at 12,939 and 12,932, respectively. What does that mean? Well, it means that the current trend is downwards, and we should be cautious about jumping in and buying stocks.
To put it simply, the NASDAQ's Alligator is giving us a bearish signal, which means we might want to think twice before making any bullish moves.
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we are at a nice support rn from 4hr!
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nice drop!