Nasdaq held 10500. Some support.

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derektrader

The Naz held some support at 10500 today. I still think we go lower from here.
3200 was support on the S & P which held today.
Keep in mind earnings are right around the corner. How much visibility will these companies have?
 
derektrader said:
The Naz held some support at 10500 today. I still think we go lower from here.
3200 was support on the S & P which held today...
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So the NASDAQ and SP held their support levels, but you think they will not hold support. So was it support or not?
 
Still a D1 downtrend, just look to take short profits near that point incase it rejects again.

Don't try to predict, too much random shit, elections, covid to try to, just go with the flow.
 
derektrader said:
The Naz held some support at 10500 today. I still think we go lower from here.
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On the Nasdaq daily chart there is indeed a breakout of an uptrend line that we can no longer ignore...


nasdaq.png


JsEuCVH.png
 
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There is only one way to tell whether 10500 is a support or not.
Only a powerful crystal ball will tell.


Crystal-ball.jpg


If you don't have it, then simply focus on the chart and react to it accordingly.
 
Tradex said:
On the Nasdaq daily chart there is indeed a breakout of an uptrend line that we can no longer ignore...


nasdaq.png


JsEuCVH.png
More...

If Biden is elected and confirmed as the next POTUS, equities will fall back to Nov 2016 levels. Mark it.
 
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