Can NASDAQ Composite increase 5.4% in November? | TradeX [Pv4AtWIQYFj]
After an initial setback, the Nasdaq 100 index is yet again attempting to rise past the upper edge of a rising channel from mid-October. As highlighted in the previous update earlier in the week, the bias continues to be bullish. Positive divergence on the weekly charts of the Nasdaq 100 index at the October low confirms that the multi-month slide has lost steam. The odds are high that the index could rise toward the 200-day moving average (now at about 12610), not too far from the price objective of the minor double bottom (the October and the November lows) of 12750. The last time the index was decisively above the long-term moving average was in January. Hence a cross-over of the average would be a sign that medium-term downward pressure was fading. Still, the August high of 13721 would pose a significant threat to a lasting recovery. #shorts #tradex #tradingstrategy #nasdaq #sp500 #futures #futurestrading #usstockmarket ---- Download the Tradex app here: Android: iOS: Trade on Web: Once you have signed up, you will receive Rs.10 in your wallet to test the app before you put in your own money. Subscribe to our channel ( @TradeX ) and tap the bell icon 🔔 to turn on notifications so that you never miss an update. Follow TradeX on Twitter: Follow TradeX on Instagram: Join our Telegram channel: