Regardless that the Nasdaq is up 12% from Might twenty second lows we’re nonetheless not seeking to get entangled on this market.
The principle purpose is that value remains to be buying and selling under the 13000 – 13200 zone (Feb.March & April lows). In contrast to the Dow and the SP500, the Nasdaq stays bearish till a clear break of this zone performs out.
We’re maintaining a watch right here and can replace you as this situation develops.
These are immediately’s key buying and selling ranges on the Nasdaq:
Nasdaq
R1- 12700.00.
R2- 12900.00.
R3- 13100.00.
S1- 12200.00.
S2- 11900.00.
S3- 11700.00.
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