MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Trading Signal for Nasdaq 100 (#NDX), for June 09 - 10, 2021: Buy above 13,750

analytics60c0d5d4890b0.jpg

In the early American session, the Nasdaq 100 #NDX, is trading within a symmetric triangle on a 4-hour chart and below the +1/8 of murray (13,900) which acts as strong resistance. The bias remains bullish for this index which is expected to reach the all-time highs of 14,060.

As long as the Nasdaq remains above the 21 SMA and moves above the 8/8 Murray located at 13,750, the primary or bottom trend will continue to be bullish. The index could continue its cycle with targets at the psychological level of 14,000.

Therefore, a bounce from the 13,750 level will be a good opportunity to buy with a target at 13,906 and 14,062 (+2/8 murray).

After a consolidation and a break below 13,750, the market could enter a downward correction phase and trade lower until the 200 EMA zone located at 13,600. This is its last support. Below this level there could be a trend reversal and a long-term bearish movement.

Our recommendation is to buy above the symmetrical triangle, (13,860) or wait for a technical bounce at the 13,750 area, with targets at 13,906 and 14,060. The eagle indicator is showing bullish signal.

Support and Resistance Levels for June 09 – 10, 2021

Resistance (3) 14,076

Resistance (2) 13,986

Resistance (1) 13,902

----------------------------

Support (1) 13,818

Support (2) 13,727

Support (3) 13,646

The material has been provided by InstaForex Company - www.instaforex.com