US100 Analysis and overview as year comes to and end.
Updated
Expecting US100(Nasdaq) to temporarily retrace to around these levels before continuing yet another push.
We've approached the previous highest high of all time for US100 so should be interesting to see what happens from here. We haven't yet broken through the high so I'm anticipating another push to break through then we should see some retracement as the year comes to an end. Although long term bias is still bullish, don't see stocks going down anytime soon with the FED's being unable to raise interest rates at the moment.
We've approached the previous highest high of all time for US100 so should be interesting to see what happens from here. We haven't yet broken through the high so I'm anticipating another push to break through then we should see some retracement as the year comes to an end. Although long term bias is still bullish, don't see stocks going down anytime soon with the FED's being unable to raise interest rates at the moment.
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As we can see, price reacted nicely off the extreme and rallied back up. Anticipating further continuations to take out previous all time high.
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