Hi traders :),
Nasdaq already got a new maximun level, which is good but it needs to be confirmed, the ideal entry point (in my opinion) is wait for a retracement (normally goes down to the previous maximun) once this potential retracement is up-broken would help to confirm the uptrend direction.
Bear in mind that tech companies are about to report the quaterly earnings, lets see how it behaves, obviously if the top big tech overcome earning expectations, it would generate a very positive market sentiment and therefore we would see a robust uptrend.
Additionally an increasing of a rates cut expectations would help tech companies (specially this sector) to grow up as financing cost is lesser.
best,
Nasdaq already got a new maximun level, which is good but it needs to be confirmed, the ideal entry point (in my opinion) is wait for a retracement (normally goes down to the previous maximun) once this potential retracement is up-broken would help to confirm the uptrend direction.
Bear in mind that tech companies are about to report the quaterly earnings, lets see how it behaves, obviously if the top big tech overcome earning expectations, it would generate a very positive market sentiment and therefore we would see a robust uptrend.
Additionally an increasing of a rates cut expectations would help tech companies (specially this sector) to grow up as financing cost is lesser.
best,