The strength this week has taken the Nasdaq 100 back above its 50 day MA and +1x ATR(21 day) level, which we use to help to determine the short-term trend. As if the rebound rally attempt is real, and not just an Upthrust, then the expectation would be for it to hold the 50 day MA and Tuesdays Significant Bar on any retest in the coming days. A close back below the 50 day MA in the very short-term however, would be a sign of weakness, and so it could be a pivotal few days. But I'll discuss the Nasdaq 100 and other major US indexes in more detail during the regular weekend video.
There were 24 stocks highlighted from the US stocks watchlist scans today
SHOP, ARCH, NFLX, ZS + 20 more...
Become a Stage Analysis Member:
To see more like this and other premium content, such as the regular US Stocks watchlist, detailed videos and intraday posts, become a Stage Analysis member.
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.