NAS 100 TRADE UPDATE DECISION AREA LOOMING
10/3 NAS 100 REACHED CREATED A NEW DAILY "C"
POSITION AROUND THE 11600 AREA AND THEN
BROKE A TRENDLINE TO THE DOWNSIDE CREATING
A POTENTIAL HEAD AND SHOULDERS PATTERN ABOVE
THE CHANNEL AREA THAT WAS FORMED ON THE 2HR
THE DAILY IS CLOSE TO THE SELL ZONE AND THERE
HAS BEEN A BREAKOUT SO GOING INTO THE NEW
WEEK I WOULD BE LOOK FOR A RETEST THEN A
REJECTION OF THE 11400 AREA TO DROP DOWN TO
THE WEEKLY .382 AREA AS A POSSIBLE LANDING
SPOT.
WEEKLY- UNDECIDED
DAILY- BEARISH
PROBABILITY OF SUCCESS 69%
POSITION AROUND THE 11600 AREA AND THEN
BROKE A TRENDLINE TO THE DOWNSIDE CREATING
A POTENTIAL HEAD AND SHOULDERS PATTERN ABOVE
THE CHANNEL AREA THAT WAS FORMED ON THE 2HR
THE DAILY IS CLOSE TO THE SELL ZONE AND THERE
HAS BEEN A BREAKOUT SO GOING INTO THE NEW
WEEK I WOULD BE LOOK FOR A RETEST THEN A
REJECTION OF THE 11400 AREA TO DROP DOWN TO
THE WEEKLY .382 AREA AS A POSSIBLE LANDING
SPOT.
WEEKLY- UNDECIDED
DAILY- BEARISH
PROBABILITY OF SUCCESS 69%
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