What a show, Nasdaq 100 lost almost 11% in a single week after a massive sell-off and everyone started to blame Robinhood for selling data, despite forecasts and warns of hundreds of analysts saying that the bubble will soon blow and all the tech stocks are overvalued, so.... Greed is one to blame?
This is just my opinion, you decide whether to agree or not.
From the technical perspective NDX is currently testing a dynamic resistance (dashed line) though remains above the 11300 support zone.
If it takes out the dynamic resistance with a massive green candle, then it will bounce to 12000.
If it breaks below the 11300, then it will drop to 11150 - 11098 in short term.
The best scenario is to drop down to 10400 levels to penetrate the 100MA and then bounce back towards new highs.
If Rumors on Robinhood continue growing and investigations are conducted, then we might witness the largest bubble explosion in the history.
This is just my opinion, you decide whether to agree or not.
From the technical perspective NDX is currently testing a dynamic resistance (dashed line) though remains above the 11300 support zone.
If it takes out the dynamic resistance with a massive green candle, then it will bounce to 12000.
If it breaks below the 11300, then it will drop to 11150 - 11098 in short term.
The best scenario is to drop down to 10400 levels to penetrate the 100MA and then bounce back towards new highs.
If Rumors on Robinhood continue growing and investigations are conducted, then we might witness the largest bubble explosion in the history.
Nothing is true, everything is permitted.
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🤖 I am one of the 11K TradingView users who trade on BingX - bingx.com/partner/Aziz
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🤖 I am one of the 11K TradingView users who trade on BingX - bingx.com/partner/Aziz