NASDAQ is preparing for a swing higher

NASDAQ is in the consolidation wedge 

 

NASDAQ is bouncing from the wedge support and short-term upside channel support 11500. A break above 12000 is required for the continuation higher and a test of the most critical 12500 resistance. A confirmed break below 11500 could lead to a deeper pullback into 11000.

Note: look for the long trade with the stop loss below 11500

 

 

 

 

 

“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn

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