Chart - Z1P, page-1162

Morning bud

Unfortunately, Nasdaq still says no. Today's price action for Zip should be confined to just a few % up or down depending on the support from the buyers today. There's no reason for Zip to pop today so I believe skipping today to see the outcome of the election tomorrow is more beneficial that getting FOMO and starting to buy now.

Interesting this is I added the 100 EMA for the Nasdaq and it's seeing some resistance at this support also. If something shocks the system, the Nasdaq could even push down to its 200EMA at 10,225 which would be bad for tech over the world.

Tonight's Nasdaq to break the trend, needs to see above 11,300 which is a 2% bump from last nights close. So possible but I really dont think any market will climb 2% on the eve of such an important election.

Nasdaq says wait, so I'll wait.



Today's trading range for Zip to stick within my H&S chart needs to be confined to $5.55 - $6.05 which is a range of -1.76% to +7.08%. If it's breaks over $6 today then this will be very out of character for the current share price action, and that push up combined with a merging Stoch would be a very bullish sign. But given the Nasdaq and the election is tomorrow, I'll sidelined again today. Maybe a purchase tomorrow if things go well! If things don't go well and we see sub $5.55, like mentioned before we'll have $5 and then $4.75 on our hands pretty quick.