TRADE SETUP NASDAQ

Where do we stand fundamentally?

Historically, March has been a relatively strong month for the NASDAQ and broader U.S. equity markets. This is partly due to the end of the "winter slump" and the beginning of a seasonally strong period (often referred to as the "Santa Claus rally" extending into Q1).

NASDAQ is bouncing off the strong support of 20970 held many times in a previous period. I have closed the short NASDAQ position which was published in the Premium Telegram group and a free Telegram channel. Now I am turning to a long position for a consolidation continuation. See the trade results in a PDF file

We are in a possible fifth long-term wave finish here, and we can reach 23000. A breakout above the resistance level of 22300 will lead to a higher extension, and a break below 20000 will confirm the end of the third wave.

_{I am taking a near-term long-trade entry with an SL below 21000 to target 22000 and possibly higher. You can trade it with options as well by buying call options.}