NQ has staged an impressive rally off the lows however as it currently stands there are a number of factors that make me believe this rally is due for a correction:
1) We are hitting the trendline resistance of the entire decline (purple trendline)
2) We have reached interim targets (or almost have I can argue for slightly higher to 13450) for this corrective move higher
3) We have a bearish throwover above the upper trendline of the wedge
4) We possibly have a very sneaky break lower below (and retest) of the lower wedge trendline
5) We have RSI in extremely overbought territory
Overall there is a good chance of a decline into support around 12450 - 12500. HOWEVER, if NQ continues higher then this is extremely bullish and could see it continue into 13500 - 14k before pulling back.
1) We are hitting the trendline resistance of the entire decline (purple trendline)
2) We have reached interim targets (or almost have I can argue for slightly higher to 13450) for this corrective move higher
3) We have a bearish throwover above the upper trendline of the wedge
4) We possibly have a very sneaky break lower below (and retest) of the lower wedge trendline
5) We have RSI in extremely overbought territory
Overall there is a good chance of a decline into support around 12450 - 12500. HOWEVER, if NQ continues higher then this is extremely bullish and could see it continue into 13500 - 14k before pulling back.
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.