Should you trade the Nasdaq right now? That’s the question a lot of traders are asking us this week.
The Nasdaq has been moving in a clear channel with consistent market highs and lows — known as support and resistance levels.
One of our core beliefs at Live Trade Profit is that the market usually does a U-turn near the same price point. And seeing as the market has already done so five times over the past few months, there’s a high probability that we’ll see a nice little rally soon.
Click the button below to watch our Nasdaq stock market breakdown on what could be a possible entrance and exit strategy for your next trade.
P.S. WealthPressSenior Strategist Roger Scott has found a way to spot three times and even five times the normal gains in less than a month’s time by targeting “microbursts” on some of the market’s most explosive stocks.
Microbursts are quick, punchy moves in small-cap stocks that can return triple digits in a matter of days. In fact, Roger recently signaled a 414% return on CNE — in under a week.