As the Nasdaq approaches its all-time high levels, the index has exhibited a prolonged bullish trend with minimal retracement. Given the substantial upcoming fundamental events over the next few days, there is an expectation that the Nasdaq may experience a significant drop, potentially marking the completion of its current cycle. This setup presents a possible sell opportunity for traders who anticipate a correction.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.