outlook for the first week of the year
good day trader
this is my analysis of nas100 for this week. We look to be heading into a bearish market for the first week and first quarter of the year.
my target for January is 15865 as that retests the low of the uptrend.2nd confirmation is that the market has broken the trendline.
My bar pattern will not be an exact guide to how the markets will move, but from analysis it looks to be a bearish market.
please do comment if you have any other ideas if i have missed out on anything
this is my analysis of nas100 for this week. We look to be heading into a bearish market for the first week and first quarter of the year.
my target for January is 15865 as that retests the low of the uptrend.2nd confirmation is that the market has broken the trendline.
My bar pattern will not be an exact guide to how the markets will move, but from analysis it looks to be a bearish market.
please do comment if you have any other ideas if i have missed out on anything
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