NAS100 Shorts After USD Holiday Push
Updated
Dont be fooled by the Bullish rally all this week up until yesterday. Even though US is in the Holiday today, I expect markets to short next week to correct this weeks rally. Price rose to 10433 Yesterday 7/2/2020. After reaching that higher high on the structure, NAS failed to make another higher high. I also noticed a break of structure at 10383 and a retest of that zone last night. Im taking shorts to 10172. In the midst of me typing this price started to fall. I called this trade yesterday at 2pm EST. You can enter when price comes to a lower high on the 1HR Time frame of structure. Happy Trading. Like if you agree or leave a comment.
Trade closed: stop reached
Currently Holding 2 positions at the time of posting this. Possible Swing Trade to hold until next Tuesday or WednesdayTrade active
Disregard last comment Im still in tradeTrade active
Trade is still open and market is closed due to 4th of July Holiday. Lets see how market opens Sunday at 6pm EST. If there is a gap down we will be sitting in more profits. If price gaps up Above 10368, I would close all orders. There is a daily Resistance turned support at 10311 And price attempted to go that low but ended up wicking at 10322. Markets will need to be open with more Volume to push lower below 10310 so we will see. Markets move how they want so we will monitor and adapt. But I still cant get it through my mind that US markets are rising to record highs yet the fundamentals contrast that.Disclaimer
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