Nasdaq - cautiously optimistic (inv H&S)
After the steep sell off in September, NQ is now forming a possible inverted Head & Shoulders. A break up of the neckline @ 11585 will confirm that the worst is over and NQ is likely to at least go back to the high of around 12500 (inverted H&S target).
With RSI back >50, I am cautiously optimistic that another swing up is likely.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
With RSI back >50, I am cautiously optimistic that another swing up is likely.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
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