Roopesh80

Nasdaq may be forming a bull flag or not

CAPITALCOM:US100   US 100
Nasdaq has rallied and recovered losses for today. From a candle perspective, it isn't that big on daily....but....depending on data tomorrow, it may run up heavily to 18600+ or knowing institutional traders, they might go slightly above the ATH, gather all the FOMO buyers and then dump it to the FOMC candle on 4 hr chart which is around 18000. trade the day, it will give you moves on both sides if you're a day trader....if its trading at the highs, wait for pullback, and look for prior demand areas...If you want to short this market, wait for the highs and then a rejection or some structure....Its a bullish market overall, so shorting will be quick and fast as buyers are still strong, unless there is a catalyst to bring it crashing down....as of right now, every dip is a buying opportunity, unless proven otherwise....trade wise, trade safe and don't get greedy....

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