We last spoke about the Nasdaq price action on the 22nd of February .In that post price plummeted bearishly to new lows. We also highlighted the possible areas price could be trading towards. In this post (https://fxsits.com/the-nasdaq-price-action-plummets-so-what-now/) price traded at level 13444.6 .Today the NDXm (Nasdaq) finds support and moves bullish why is this so?
Well since then sellers continued to push the market bearish to level 12818.0 where it managed to find support. This level also proves to be a major support level . Looking at the chart you will notice how price faces difficulties breaking past that level. Friday’s close proved to be a good signals for buyers . We saw price end bullishly after the NDXm finds support at level 13444.6
Looking at the chart you may notice that today’s price movement shows huge potential of bullish movement. Its as if buyers waited for sellers to drop the market to level 13444.6 in order to enter the market at a cheaper price.
Our analysts believe buyers could possibly push the market bullish and break past its higher high which is set at Level 13902.9 and even move further.
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