Advertisement
Advertisement

NASDAQ Potential Bullish Bounce off the 3 POC Zones

By
Nenad Kerkez
Published: Sep 30, 2020, 07:42 GMT+00:00

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

S&P 500

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 bullish continuation off 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 will should see a retest of 11559.

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

Advertisement