Did NASDAQ potentially hit bottom?!
NDX just hit and bounced off a major support level.
Over the last 18 years, as shown in the chart, this support level has proven to be a historical pivot point for the Nasdaq index. As per the attached chart image, every time the index hit this support level (150 MA on weekly candles), it has bounced off the moving average, and reversed into either short term or long term bullish trend. You can watch our full video explaining this by clicking on the link below.
In addition the Stochastic indicator is telling us that the NDX is oversold and overstretched, and is due for a rebound rally at minimum, or potential change to a bullish momentum.
Over the last 18 years, as shown in the chart, this support level has proven to be a historical pivot point for the Nasdaq index. As per the attached chart image, every time the index hit this support level (150 MA on weekly candles), it has bounced off the moving average, and reversed into either short term or long term bullish trend. You can watch our full video explaining this by clicking on the link below.
In addition the Stochastic indicator is telling us that the NDX is oversold and overstretched, and is due for a rebound rally at minimum, or potential change to a bullish momentum.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。