US Nas 100
Long
Updated

Nasdaq100 currection into ATH

180
NAS100USD

i was asked, are we still in an up-trending bull market?
Assuming nothing fundamentally changes with the US tech market, technicals still point to a heavy up-trend, this implies a high likelihood of US100 making an ATH again, but we are likely to see a correction back to 300 dayMA before significant liquidity supports a break of ATHs.

snapshot
Trade active
Note
adding to technical analysis, in an up-trend, after a major bullish move, price historically likes to retest around 0 on the MACD indicator with RSI touching 30, at this point we should see heavy liquidity rushing in. this time, where these indicators meet, will also be the price where the 300dayMA will be, reinforcing the bullish move up to ATHs

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.