Possible scenario on NASDAQ

Most of the Tech stocks are over bought right now and based on the chart Nasdaq has bounced from the top of the channel and possible to go down.

There is also a chance that after 'US Continuing/Initial Jobless Claims' today we may see a bullish sign (due to total unemployment decline as many countries go to work) it will break the channel and go higher.

Please do your own analyzes before placing any trades.

Trade stängt manuellt:

There might be a bounce from the level of 2984 due to a strong resistance level so I'm closing the position and take the profit.