NAS BULLISH MOVEMENT
NASDAQ being in an overall bullish momentum on the Monthly timeframe leads me to only look for long opportunities. Even though the current market sentiments based on the president contracting COVID -19, as well as the recent stimulus package denied by the president, I am still looking for the market to push up.
11572.6 is holding up pretty strong as resistance. This has been the case for an entire month. I'm looking forward to the blue path more than the green, as the blue path will have broken a months worth of resistance. However, I am eagerly excited for both. If the green path plays out, I am looking to buy the NASDAQ around 11380 back to the resistance of 11572.6. If the blue path plays out, I am looking to buy the price after the retest of the major resistance-turned-support at 11572.6.
11572.6 is holding up pretty strong as resistance. This has been the case for an entire month. I'm looking forward to the blue path more than the green, as the blue path will have broken a months worth of resistance. However, I am eagerly excited for both. If the green path plays out, I am looking to buy the NASDAQ around 11380 back to the resistance of 11572.6. If the blue path plays out, I am looking to buy the price after the retest of the major resistance-turned-support at 11572.6.
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