In my analysis of the Nasdaq100 chart, I'm observing an intense showdown between bulls and bears. It's been a volatile ride with sharp rallies and sudden pullbacks, creating significant resistance around 14,900. The critical question now is whether the bears will successfully breach the new lower-low at 14,442, or rally above to create a new higher-high..
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The Nasdaq100 buyers showed their strength, managing to push through recent obstacles. However, it's worth noting that at the level of 14917, there seems to be a potential sticking point due to previous resistance that the market encountered. This historical resistance could influence price action, making it somewhat uncertain whether the bullish momentum will persist or face resistance.The situation at 14917 is a bit ambiguous, For now, I'm cautiously optimistic, as I find myself in a profitable position, up by 100 ticks. However, I'll be keeping a close eye on how the market behaves around 14917, as it could provide crucial insights into the market's future direction.
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rocking the aurum game, but the nasdaq100? it's a different story (as usual, lol). this index has been teasing around that 14888-ish resistance for days, and the bulls are throwing in the towel. it's almost like the market can't decide – is it a fall, or..?Trade active
update: Note
Nasdaq100 kicked off the day on a lower note, causing my recent buy trade to slip a few ticks down. But hey, I'm not giving up that easy – I'm hanging onto my position. The Nasdaq's been dragging its feet for a while, and it's got me wondering what these buyers are plotting. Yet, my bias remains unshaken, and my resolve is unwavering. Nothing's changed, and I'm still firmly in the game!Trade active
wooosh! it's like catching a thrilling wave – nasdaq100 finally pushed through after battling numerous rejections at that stubborn 14442 support. it feels like a reunion with nasdaq's waves, and i'm relishing the best of both worlds, with nasdaq100 and gold..Note
update: have broken past 15254. almost at target.
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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.