Nasdaq (US100) cash index is strongly bearish. Today is Friday and the NFP and we should see volatility which might be strong.
Nasdaq (US100) cash index is strongly bearish. Today is Friday and the NFP and we should see volatility which might be strong.
If the market makes a pullback to 12690-750 we might see a rejection. This is the zone where we can also spot the order block and it is close to W L3 camarilla pivot. In the case of rejection 12300, 12166, and 11942 are targets. Above 12820 we should see a move up towards 12927. Watch for the NFP volatility and the subsequent move.
(Click on image to enlarge)
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The opinions in this article are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Past performance of the companies discussed may not continue and the companies may not achieve the earnings growth as predicted. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation.
Comments
Log in or sign up to join the conversation.