Hacked: Hacking Finance

Recommendations

Investment Recommendations May 19th

Posted on .

Investment Recommendations May 19th

Introduction

This article was posted on Friday, 17:24, UTC.

NASDAQ 100: Short-Term Sell

 

// -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- //

NASDAQ 100 Futures, 4-Hour Chart Analysis

The tech benchmark lost its relative strength in Wednesday’s sharp decline, and it bounced back today to the short-term resistance level near 5675. This gives a good opportunity to play another declining leg lower after the break of the advancing short-term trend. The possible move lower will likely test the key support zone near 5470.

The re-test of the all-time highs near 5720 could be setting up a double top pattern that might give a long-term sell signal if the internal weakness in the US markets continues. The MACD indicator is getting back to neutral territory after the steep correction with the 5600 likely staying in focus in the coming days.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

There are no comments.

View Comments (0) ...
Navigation
Friday Market Recap Asset Current Value Daily Change S&P 500…