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Nasdaq100 (NQ) Testing Weekly Chart Uptrend Support

By:

CFA, Founder Tradable Patterns

The Nasdaq100 (NQ) is trying to form a 2nd straight green daily candle in today’s Asia morning, as it bounces off a 2 month upchannel support (on the daily chart).  Significantly, NQ is testing a major uptrend support line (on the weekly chart), with the breaks below this uptrend line in August faking out some bears undoubtedly, but warning bulls nevertheless of the growing risk of an inevitable, more decisive major turn lower…Click here to read the full analysis of this market as well as on S&P500, Wheat

Nasdaq100 (CME NQ Dec19) Weekly/Daily/4hr

Sample of Today’s Top 3 Trades Available to Free Subscribers (published Sep 6, 2019)

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