Nasdaq Index Scenarios of possible directions
Prepared 3 Scenarios coming into this week (7/9/21 - 10/9/21).
Scenario 1: Price breaks out of strong Resistance at 15700, retest the 15700 or MA20 or trendline (Bullish Sentiment)
Scenario 2: As of 14:35 (7/9/21) Price is likely to do ABC setup and close below 15673, TP around ~15600 (Bullish Sentiment)
Scenario 3: Price break out of strong support at 15600 and close below it, possible market pullback. (Bearish Sentiment
Scenario 1: Price breaks out of strong Resistance at 15700, retest the 15700 or MA20 or trendline (Bullish Sentiment)
Scenario 2: As of 14:35 (7/9/21) Price is likely to do ABC setup and close below 15673, TP around ~15600 (Bullish Sentiment)
Scenario 3: Price break out of strong support at 15600 and close below it, possible market pullback. (Bearish Sentiment
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