Tuesday, March 23, 2021

This Chart Shows Bullish Setup Forming in the Nasdaq

A Nasdaq bounce could be on the way after recent selling

Published: March 20, 2021

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Check This Out

This Chart Shows
Bullish Setup Forming
in the Nasdaq


The Nasdaq and formerly high-flying tech stocks in it  have been under heavy scrutiny the past couple of weeks after a major sell-off. But I see a bullish setup coming in the Nasdaq QQQ ETF if it breaks above a certain level...


But if it goes lower and takes out the low of the current head and shoulder continuation pattern it looks to be in... all bullish bets are off the table. 


If we get the bullish breakout that appears to be forming, the next level of resistance is at the previous high hit back in February. 

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