After seeing a financial crash in all main indices this week, on Friday after Powell suggested to increase the monetary bazooka to help USA economy, NASDAQ index turned up ending in positive after suffering tremendous losses (impulse matching with 23.6% Fibonacci in daily frame). We are expecting to see a strong bullish retracement on the following days or weeks, so that it can carry on going down hitting 7700-7500.
Remember that when volatility is more than 20% is very dangerous to take trades without risking to much. VIX index is more than 38% suggesting like other volatility indicators that markets are pure fire at this moment.
Good luck and be careful
Remember that when volatility is more than 20% is very dangerous to take trades without risking to much. VIX index is more than 38% suggesting like other volatility indicators that markets are pure fire at this moment.
Good luck and be careful
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