Overall view of NAS100 and US markets - Update of July 1st
Updated
Prices were subjected to a bear pressure after settling on the all-time high resistance zone . Without any follow-through, the US markets quietly recovered and reached the @7800.00 target for the second time. In fact, after the G20 meeting this weekend and the set of agreement resulting from it, the odds that NAS100 keeps a bullish momentum are high.
Possible targets: @7900.00 (+1300pips or 130points which is around the all-time high) and @8000.00 (+2400pips or 240points).
Advice: Stay bullish and buy at any low point while we don't break the 7600.00 bottom level.
Possible targets: @7900.00 (+1300pips or 130points which is around the all-time high) and @8000.00 (+2400pips or 240points).
Advice: Stay bullish and buy at any low point while we don't break the 7600.00 bottom level.
Note
Prices entered the resistance zone. The bullish momentum is still present therefor we are eager to reach our first target @7900.00Note
Our target is nearly reached. We have moved our stop losses to suitable levels just in case a reversal occurs.Trade closed: target reached
Target 1 was reached!
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