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ChowskiPicasso

NASDAQ | Chop Chop. Where to Next?

Indeks S&P 500 (OANDA:SPX500USD)  
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OANDA:SPX500USD   Indeks S&P 500
Trend Analysis Chart Patterns Technical Analysis nasdaq
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trendanalysis chartpattern technicalanalysis nasdaq
Been a choppy market and I believe it will continue to do so as long as NASDAQ remains in the red circle. A break above the top zone at 14843-15147 I will be bullish and a break below the bottom zone at 13944-14189 I will be bearish. In the meantime, either stay out of the choppiness, or buy at the bottom zone if bullish and short at top zone if bearish. Additionally, cutting back on cash allocation during this choppiness will be a smart choice. But at the time of writing, overall picture I am more bearish than bullish if I had to choose a side.
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Thinking we get some bullish action early next week. I will be looking for short opportunities.
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