NAS100 Tech Index Short Term Bearish Outlook
NAS100 bounced from the top resistance, signaling a downward movement for the coming days.
In my opinion the bearish reversal will not hold on for long, most likely we will reject the lower trend line and shoot for new ATH's after that.
The main support target for the current reversal are either the support at $12.200 or the lower pink trend line. Since the trend line is harder to predict, I'd go for the $12.200 support.
In my opinion the bearish reversal will not hold on for long, most likely we will reject the lower trend line and shoot for new ATH's after that.
The main support target for the current reversal are either the support at $12.200 or the lower pink trend line. Since the trend line is harder to predict, I'd go for the $12.200 support.
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