Hello, this is NasdaqAlpha.
The Nasdaq, which had been plunging as if there was no end in sight, finally succeeded in bouncing back starting from last week’s FOMC.
Fortunately, my previous swing position was cleanly closed with a profit, and now it’s time to patiently look for the next opportunity. As predicted in my previous post (the white path), the market movement played out precisely as expected.
Now, let’s break down two key scenarios for how to approach the market next week:
📉 [Scenario 1: A direct pullback (red line below) early next week]
- I will actively consider a 1st tranche buy around the lower support zone of $676 ~ $672.
📈 [Scenario 2: A direct upward push (green line) early next week]
- Since we already liquidated our previous position cleanly, we won’t chase the market blindly. (If you wish to buy or still hold a position, please manage it flexibly according to your own strategy!)
- We will patiently wait until another pullback line (the red line / correction zone) forms at the top before jumping in. In short, this is the classic, textbook pullback buying strategy.
I hope you all have a relaxing weekend, and wishing everyone massive gains for the month of August~!
※ This post is for informational purposes only, and the user assumes all ultimate responsibility for investment decisions.
※ This post contains affiliate links. Purchasing through these links incurs no extra cost to you, and a small commission supports the blog.
※ Prop Firm Discount Guide
※ Get up to 55% off TradeDay via the https://www.tradeday.com/?a_aid=NS (If the discount isn’t applied automatically, please type the promo code NS in capital letters at checkout!)