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Scandex Market Update – April 15

Scandinavian Capital Markets

I been proven wrong on returning to a bearish stance on U.S. indices, and notably NQ, into the well-defined levels last week. Wrong or early, but early in trading is still wrong. NQ has gone through almost everything, including 2020 VWAP (barely). The level that I’m looking at now for a possible turn is the 1/27 low at 8914. This level was resistance in early March and intersects the short term upper channel line on Wednesday. 8300 is proposed support now.

Scandinavian Capital Markets Review

Source: https://scandinavianmarkets.com/trading-news/scandex-market-update-april-15/
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