Has the NASDAQ bottomed tonight?
So the USTECH100 CFD has shown a strong demand tail on the 1h chart earlier this evening, possible reversal potential with divergence between price & RSI .
Taking a step back, on the daily chart , we can see the index is challenging the lower midline of the ascending pitchfork . If it holds, the bull could be back!
If it doesn’t hold, we could be heading for the lower boundary line of my pitchfork …
Lets see what happens on Monday 🙂
Good luck everyone and stay safe!