QQQ - 19.6.2020 - Too much hype around NASDAQ?

19 de jun. de 2020

Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 9 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.

Short description of analysis:

The technology sector is why I enjoy the markets so much. The V-shaped recovery and even overcoming the February ATH and running the S&P 500 and DOW in terms of percentages is something incredible, but enough about my feelings for the markets. At the moment we can see that VIX is approaching about 30 points, close to the support level where it can react. Furthermore, we developed a strong resistance in ATH, which with the fundamentals such as the potential 2nd wave of coronavirus can react and therefore I expect a local short, but in the long run I will go for long trade.Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.