First Buy Zone

6 Eyl 2018

NASDAQ is approaching my first reload point. you can see the 50 day MA has proven to be a good dip buying opportunity. However, we have broken the yellow trend line so I am anticipating the potential for a bigger correction. I will not aggressively buy until we start to see reversal signs. If the 50 day MA doesn't support the price, I will be looking for around 7187 to hold. As long as we stay above the bottom of the green channel, I remain Bullish long term.