Nasdaq Scenario

Nov 5, 2020

Nasdaq Scenario For Today

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Yesterday NAS went all the way up to ~11980 Mark and right now looks like it is pushing to ~12209 Mark.
Note that ~12209 is a major resistance zone, last time NAS was at that point we spiraled down.
Right now i expect NAS to get a correction (see ABC) and even go as further as correction into a
downwards channel. The other possibilty is that NAS will go further up, but it is too bullish for me and i
expect that correction.
Another possibility is that when the election results are in NAS will be moving mad, since i expect big
banks from Europe and Asia to have either major buys or sells.

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We have to keep in mind that market is really volatile right now and it might be better to wait until the
election results are in.

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Trade safe, whoopty
Past performance is not an indicator of future results

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Let me know your thoughts and questions, don't be greedy dawg and give me a like and follow for
bigmoney profits.

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ScenarioPainter

Nov 5, 2020

Note

The six major stocks in NAS (that make up 50% of NAS) all opened higher today which results in NAS pushing higher. Right now we will wait and see how much they push. We might see more bullish movement if they continue to get up.

I would advise to wait until NAS either breaks the 12209 Mark or goes down for a correction.