NASDAQ 100 trade idea

31 Mar 2020

The NASDAQ 100 continued on its short term rally since the begining of the week, but since no solid or effective treatment for Covid 19 has been found as of yet, a further market plunge should still be expected. The price has now arrived at the strong 8000.0 zone so an immediate turn to the downside is expected although it still wouldn't be surprising to see price push a bit higher above the zone to retest on the broken rising trendline on the daily chart before now dropping. Price is expected to fall to the 7000.0 zone at least.