Nasdaq to 10k soon?Since March, Nas100 almost doubled its value reaching a high of 12500.
Now this resistance is confirmed with a second drop from this zone and it can transform in a double top pattern if we'll have a break of support.
In my opinion, this will be the outcome for Nas100 and I will look to sell rallies.
Only a new all-time high will put a pause on this bearish outlook
Nas100short
$NQ1! Nasdaq 100 E-Mini FuturesWave analysis suggests the NQ! Futures are putting in a flat correction with some downside left in the market. This analysis coincides perfectly with wave analysis of some of the other major equities stocks and the uncertainty that generally plagues the market during an election year. Following the completion of this flat correction, we should begin to see some nice movement to the upside. My estimate is mid November for the correction to complete absent some major world event.
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NAS100 AnalysisNAS100 Analysis
The Market is still very choppy and indecisive. I hope we can get a break soon to get a clear picture where this is going. If we do break the middle trend line then we may see anything between 11400-11250 as for the bulls if it goes up a break of 11589 will take us to 11741
NAS100 AnalysisNAS100 Analysis
Hi Everyone. Nas is still consolidating, It had an attempt to break out the box yesterday but it failed to stay out, found support at 11527 and came back up. I feel like we will break today. There has been a triangle that has formed as-well.
Bulls Target: 11789, Break here will take us to 11929
Bear Target: 11525-11467
NAS100- Analysis NAS100 Analysis
I would say its still consolidating between 11787 -11929. We can also see it struggling to break our strong middle trend line. So to go further up we need a break of the middle trend line and 11929 resistance. As for the bears a break at 11787 would take us back down to 11619 hitting our lower channel trend line.
There is also something very interesting happening in the lower TF- See the next post
NAS100 IS GOING DOWNTOWN! NAS100 Broke through previous daily support and it appears that the market is going to push it to 10500 area which is my next target. I've been catching the shorts since last night and will waiting for this quick retrace to 10500 and then we could possibly be looking at a long from there. It's all about the waiting game right now. Patience is your friend when we're looking for the trend ;)
NAS100 Short - Head and Shoulders - Market Maker Level 2 Another great entry for Futures :) If you missed my GER30 call then you don't want to miss this NAS100 Signal . Nas100 is overvalued and the tech industry is slowing down. US30 is bearish and this will allow NAS100 to continue the head and shoulders trend . Sell after the next bearish cable on the 4hr time frame and this will be an east $1,000 profit if sold correctly . Like and follow for more great calls .