It hasn’t been an easy year in trading and in all else, but in times such as this the biggest opportunities emerges.
At current rate Nasdaq is up on yearly performance 31% regardless to Covid-19, unemployment, Brexit and political tension between China and USA.
Most would say Nasdaq is overbought, others would say all of the money is moving in to technology and gold, as S&P500 isnt at peak of all-times and the DOW as well.
As an analyst, I say that the Nasdaq has just shown all of its cards and we got it vulnerable for the first time.
As last 2 ranges pulled back at no more than 1600 points at first range, then 1130 at second and now 1800 points above support without pull back, then the trade is a short to $9000 mark, if you wish to take full range.