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US 100 Index

Will Bulls Balk at Trendline Resistance?

By runyamhere
Updated
Price of NDQ is nearing a trendline formed by the dotcom bubble and November 2021 high. This zone could repel price, big drops can be expected if we breach the price of 16249.19 on pullback. For now bystanders are needed to enter, unless a clear cycle failure best not to stand in the way of exuberant bulls.

Comment
NDQ closed the week with a spinning doji candle and below the dotcom trendline, if the resistance maintains strength we can expect continuation of downward move.
Comment
NDQ is still fighting the trendline, no victory in sight. When bulls throw in the towel we will begin swift sell-off.
Trade closed manually
Support and ResistanceTrend Lines
runyamhere

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