Nasdaq is up for a big breakout

Nasdaq is up for a big breakout

In our Trade of the week, Bulletproof Traders in-house trading activities present our current overview on the Nasdaq.

Bulletproof Traders in-house trading activities presents our current overview on the Nasdaq. 

Even though the stock market is over valued by a large stretch, there is still some upside potential, especially in the near future. 

However, every single time it approached it got rejected, and ended up failing to cross over. well, up until yesterday.   

Finally, yesterday we got ourselves a an official breakout after the monthly bar had managed to close above that huge resistance. That is a big statement coming from the Nasdaq and reflects over to the rest of Wall-street and the global stock market.          

Nasdaq buy idea

However, every single time it approached it got rejected, and ended up failing to cross over. well, up until yesterday.   

Finally, yesterday we got ourselves a an official breakout after the monthly bar had managed to close above that huge resistance. That is a big statement coming from the Nasdaq and reflects over to the rest of Wall-street and the global stock market.          

* Bulletproof Traders is a members-only Forex trading club. Run by an elite team of traders and market analysts, using science based approach to master the art of trading.

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