NASDAQ 100 E-mini FuturesUpdated $NQ1! Nasdag futures. On a knife's edge
The rising wedge on the Nasdaq is on support and needs tp hold. If it breaks to the downside, it could be possible that we go down to lower support just above the 12000 level. Balancing act here. I'm leaning towards the more weakness side going into coming weeks. The Nasdaq just seems too frothy and speculative and might need to shake some weak hands. Neutral position until we find more clarity. Upside is limited in my opinion, but markets don't care about opinions, so let's wait and see.
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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.