Nasdaq Index Scenarios of possible directions
Prepared 3 Scenarios coming into this week (7/9/21 - 10/9/21).
Scenario 1: Price breaks out of strong Resistance at 15700, retest the 15700 or MA20 or trendline (Bullish Sentiment)
Scenario 2: As of 14:35 (7/9/21) Price is likely to do ABC setup and close below 15673, TP around ~15600 (Bullish Sentiment)
Scenario 3: Price break out of strong support at 15600 and close below it, possible market pullback. (Bearish Sentiment
Scenario 1: Price breaks out of strong Resistance at 15700, retest the 15700 or MA20 or trendline (Bullish Sentiment)
Scenario 2: As of 14:35 (7/9/21) Price is likely to do ABC setup and close below 15673, TP around ~15600 (Bullish Sentiment)
Scenario 3: Price break out of strong support at 15600 and close below it, possible market pullback. (Bearish Sentiment
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Disclaimer
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.