NAS100 Waiting For Buy Setup
The monthly timeframe appears to be bullish, while the weekly timeframe is showing bullish signals as well. However, the daily support has been broken at 18098.3 and the price is currently heading towards the weekly support at 16249.9. Despite this, the higher timeframes still seem to be bullish and it is likely that this is just a retracement. At the moment, the market is overbought. I remain bullish and plan to wait for a buy setup on the H4 timeframe.
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.