Tuesday, March 14, 2017

Nasdaq (update)

FOMC meeting tomorrow could create some volatility.  It could push us into the upper end of my resistance zone between 5445 and 5540.  I’d prefer to look for a short trade within it.  However, you could consider entering a small bearish play with a break below 5344.50.  That’s the 361 Fib combo and is shown on the chart below with a small line.


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