I called the last bottom in dec 2018, let's see if I can get this one right.
Buying at 7126 / Closing 7300ish
Strong indication of a bounce this week, I'd bet you could throw 1/3 your stack here at 7120 and 1/3 at 6950 and you're nearly guaranteed to break even at worst.
The Mexican tariff news is BS, no way it's enforceable, it's going to take 1 tweet from Trump over the weekend/Monday to pump $nas100usd 300-400 points. Max Price target is 7400 but 7300 take profit.
Reasons: ---------------------
200 daily MA (white crosses)
Gann Fan support
Horizontal support (white rectangle)
Volume node
0.27 Fib extension from the previous Leg down 5/6-5/13
DAILY TD 9
Oscillators bottomed out and forming bulldivs.
Next Supports are 7030 and 6945. I'd set bids 10-20 points below them.
Note: This chart is intentionally from Jan 1st 2019 to show volume node point of control this year
Buying at 7126 / Closing 7300ish
Strong indication of a bounce this week, I'd bet you could throw 1/3 your stack here at 7120 and 1/3 at 6950 and you're nearly guaranteed to break even at worst.
The Mexican tariff news is BS, no way it's enforceable, it's going to take 1 tweet from Trump over the weekend/Monday to pump $nas100usd 300-400 points. Max Price target is 7400 but 7300 take profit.
Reasons: ---------------------
200 daily MA (white crosses)
Gann Fan support
Horizontal support (white rectangle)
Volume node
0.27 Fib extension from the previous Leg down 5/6-5/13
DAILY TD 9
Oscillators bottomed out and forming bulldivs.
Next Supports are 7030 and 6945. I'd set bids 10-20 points below them.
Note: This chart is intentionally from Jan 1st 2019 to show volume node point of control this year