I posted yesterday regarding a harmonic pattern on the Nasdaq in a potential strong support area. The index responded to that price point and resulted in a nice move up. Unfortunately I didn't get to trade that as I was asleep at the time it happened.
The next area that we may see some selling occur is the one that I've highlighted on the chart and just like the S&P 500 , the colored zone is a convergence of fib extensions and retracements from important price points that lead to that area.
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.