Nasdaq technical analysis: A contrarian long on Nasdaq

• The Jackson Hole event devastated the market on Friday, and futures even opened with a gap down.
• The majoirty of market participants are fearful at this stage, which might be a time for a contrarian Long, as Nadsaq futures may be finding support at the VWAP shown.
• Betting on a relief rally, even if it is short term, is legitimate since the reward vs risk makes is a fair play. Watch the stop loss and take profit targets within the following technical analysis video for Nasdaq at the start of the week, starting 29 Aug 2022

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NQ technical analysis update after market opened on 28 Aug

Nasdaq NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term