Nasdaq/IXIC

5 Şub 2021

Next round of stimulus promise has pushed this out of it channel. I've circled in yellow the last 2 times the Nasdaq has touched the top of its channel. There is one difference here and it might be important to you if you are an oscillator man; The RSI is actually reasonable this time around at channel top compared to the previous 2 times. Still it made a new high today on lower than average VOLUME for me that's another red flag. Outside of promise for new stimulus today I think the market would've already pullback. My target is the channel bottom which also closes that gap made on Feb2