Nasdaq Futures is looking bearish for the short term

Nasdaq Futures is looking bearish for the short term

The market price is currently reacting to the news of Russia invading the Ukraine. The counter trendline has not been broken or confirmed meaning that there is a high probability of the market decreasing to a known support level .

An entry may occur now if one chooses to do so, but understand that there may be a re-test of the counter trendline before advancing to the target price of 12306.25. There may be a better shorting opportunity at the potential re-test level.

The stop loss will be above the most recent resistance level .

All of this information is based on the research conducted from the chart and is meant for educational purposes only.

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