The Nasdaq100 is close now to a pause and a move down.
Overall the big picture remains robust but on the short term I expect soon some vulnerability.
So we could see around 7700 a pause then a reversal and a 3-4% down move.
Upon confirmation of the corrective move, I will post a new comment.
Overall the big picture remains robust but on the short term I expect soon some vulnerability.
So we could see around 7700 a pause then a reversal and a 3-4% down move.
Upon confirmation of the corrective move, I will post a new comment.
Note
Today was the possible day of reversal.Strong start and then down.
Trade active
Excellent down move today as expected.Let's see the close of Wednesday.
Trade active
Let's see what will happen at 7200...Note
On the very short term (1H chart) a reaction will soon appear. As soon as it starts I will update again.Note
This is the 1H chart and what I expect to see Trade active
Increasing SHORT positionTrade active
Above 7580-7585 the trade will be closed.This is my STOP
Note
7600 is also acceptable as a STOP
Winstox
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Winstox
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.