NASDAQ Potential Bullish Bounce off the 3 POC Zones

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

NASDAQ (National Association of Securities Dealers Automated Quotations Exchange) has shown more bullish actions than other US Equities.

Compared to SNP500 and DOW30 we can see that NASDAQ is more bullish. I expect a bullish continuation of any of the 3 POC zones. See the chart for exact zones. Bulls should be ready as the bullish momentum prevails. Zones are clustered around 50.0, 61.8 and 88.6 Fib retracements. We should see a move up once the price gets to a zone. The final target should be 11489 and above we should see a retest of 11559.

The Analysis has been done with the CAMMACD.Core

Good trading,
Nenad Kerkez

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