Orlando Gutierrez
Learn 2 Trade
he Nasdaq faked out of the previous lows and is back above 11150 pre NY trading. It also has bounced back from the structure created from Early June 2020. The 11300 level still wigh heavy here since it was the level that we saw some bearish rejection from back in Agust.
Should price break with this level we could see a retest of the previous lows around the 11550 level but this would mean that the current bearish structure is no longer in play so active bulls might rally price above this level.
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