Nas100 Market Performance and Direction (updated)
Tuesday: Intra Day Market Update
Nas100 so far has had a range of 600 +- point.
Currently below our beginning opening price.
Bouncing off *Resistance Zone 1.
________
Previous Outlook:
Market Anticipated Performance:
- The Markets will Range till after the Inauguration and after earnings report.
- My bias is a range of 1,300 +- points , from 20,800 +- to 22,100.
________
Weekly Bias:
Daily Bias:
Hourly Bias:
Hourly bias is bearish; confirming Daily bias and direction.
5 Minutes Bias:
Current price action suggest a recovery from Tuesday's drop (9:50 PM EST).
____________
*** I remain with my previous bias for the week.
Market Anticipated Performance:
- The Markets will Range till after the Inauguration and after earnings report.
- My bias is a range of 1,300 +- points , from 20,800 +- to 22,100.
Considerations:
- Presidential inauguration, 01/20
- Earnings Reports, 01/20
- Red Folder News, 01/07 till *ongoing.
_____________
How to Trade for Week of 01/06/24 - 01/10/25:
- I am looking for price to retrace to *Area of Support 0. Where I look for a continuation down or a reversal.
- Zone to Zone and pattern trading till 01/20
Nas100 so far has had a range of 600 +- point.
Currently below our beginning opening price.
Bouncing off *Resistance Zone 1.
________
Previous Outlook:
Market Anticipated Performance:
- The Markets will Range till after the Inauguration and after earnings report.
- My bias is a range of 1,300 +- points , from 20,800 +- to 22,100.
________
Weekly Bias:
- Price peaking at 22,425 +- (ATH's), has retraced and seems to be ranging; within previous bias.
- Caution: Even though Weekly Trend is Bullish, lower timeframes like the Daily look bearish.
Daily Bias:
- Currently the market is creating Lower High's - However, it created near equal Lower Lows, indicating a Strong level of support.
- Current price action indicates a continuation to *Support 0. With a possible drop to *Resistance 1 (20,670 +-)
Hourly Bias:
Hourly bias is bearish; confirming Daily bias and direction.
5 Minutes Bias:
Current price action suggest a recovery from Tuesday's drop (9:50 PM EST).
____________
*** I remain with my previous bias for the week.
Market Anticipated Performance:
- The Markets will Range till after the Inauguration and after earnings report.
- My bias is a range of 1,300 +- points , from 20,800 +- to 22,100.
Considerations:
- Presidential inauguration, 01/20
- Earnings Reports, 01/20
- Red Folder News, 01/07 till *ongoing.
_____________
How to Trade for Week of 01/06/24 - 01/10/25:
- I am looking for price to retrace to *Area of Support 0. Where I look for a continuation down or a reversal.
- Zone to Zone and pattern trading till 01/20
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