12hr NASDAQ projection Long over time.
The Point of control for the month of Sept is at around 15410. Most indictors are bearish on the higher time frames. I can see price coming up a bit to retest the POC. With weak bearish pressure its possible to see a push down to EMA and support. Here is where we should start looking for signs of reversal on the lower time frames. In the immediate future id be interested in Shorts from the 15400 handle down to around 15150ish.
If support and the 100 EMA hold Ill be looking for bullish long signals. A fib extension for the prospective short target would give a long profit target of around 16100. Of course anything is possible this is just one scenario. For now though most indictors are bearish on the high time frames. Until that changes I'm only looking for shorts.
As always its best to do your own research and analysis, but if this helps awesome.
If support and the 100 EMA hold Ill be looking for bullish long signals. A fib extension for the prospective short target would give a long profit target of around 16100. Of course anything is possible this is just one scenario. For now though most indictors are bearish on the high time frames. Until that changes I'm only looking for shorts.
As always its best to do your own research and analysis, but if this helps awesome.
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