Nasdaq (+1.74%) made a very positive move with solid volumes and is now close to a recent resistance. We might see a consolidation here before going farther up, probably a handle in progress (see also the McClellan Oscillator in the Overbought territory). Watching the EMA21 as well as a potential downside.
Trading Plan: 3 April 2023
Trading Plan: 3 April 2023
Trading Plan: 3 April 2023
Nasdaq (+1.74%) made a very positive move with solid volumes and is now close to a recent resistance. We might see a consolidation here before going farther up, probably a handle in progress (see also the McClellan Oscillator in the Overbought territory). Watching the EMA21 as well as a potential downside.