New Signal -The Nasdaq 100 (NQ) Established a Support Price Level, Providing a Great Risk Reward Entry

[vc_row][vc_column][vc_column_text]The Nasdaq 100 (NQ) future price has established a nice price support zone at the 50 day moving average zone (green line) during the last 7 trading sessions. Looking at the 30 minute chart, we can see the base formed as a reverse head and shoulder type pattern, while price is over the 5 day moving average that shows regain of positive momentum. Traders looking to jump back in on the greatest index in the world can BUY today $15,000 level and set a First Take Profit target at $11,800. On the downside, traders can use prior support level at $11,350 as a Stop Loss level in case new economy data push the index down again. Today we will have a FED announcement so say tuned.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”2827″ img_size=”full” onclick=”link_image”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”2828″ img_size=”full” onclick=”link_image”][/vc_column][/vc_row]

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