Nasdaq’s Next Move Revealed This Week – Don’t Miss the Breakout

12 May

Following a strong surge at the start of the trading week, the Nasdaq reached a new high since March 26th. At this juncture, I anticipate a potential pullback before any sustained upward movement. My analysis suggests monitoring for a retracement to the New Week Opening Gap (NWOG), where price action will likely provide critical insights. I see two probable scenarios:

1. A move to the NWOG, followed by a strong bounce, potentially targeting a new all-time high, as some market commentators have suggested.
2. A weak reaction at the NWOG, leading to a breakdown below this level, with 16,000 as the next key support target.

This week's price action will be pivotal in determining the Nasdaq's near-term direction. I recommend close observation of these levels and disciplined risk management when positioning for either outcome.

21 May

İşlem aktif

Nasdaq in huge weekly FVG right now, most likely this is destribution, most likely we will see good correction till NWOG within next few days, mb next week