Current thoughts on US100

Updated

Good Morning Everyone

Here are some of our current thoughts regarding the US100 index. These are the zones we are keeping our eyes on to provide us with some confirmation on what the market wants to do. We would love to hear your thoughts.

Note

Hi Everyone!
Here is a update for the US100

Currently he have come up to retest resistance and we can see there is some rejection. The next zone we are looking at would be zone 1, if the price finds support there and moves back up this will increase the odds that we are moving up. If we break down, then we move to back down for possible a double bottom or break of support level.

We are still waiting for break above or below the main zones for confirmation.

Happy Trading!

Note

Hi Everyone!

Just a update regarding the US100. As you can see on the image below we have had a nice rejection at the expected zone.

So what now? For now we are looking at the next structure zone. There are 2 possibilities we are keeping an eye out for.

Option 1

Double Bottom

Option 2

Note

Option 2

We reject at the 13600 - 13900 zone and then push down further to the 12500 - 12700 zone.

So we are currently waiting to see what happens at our current zone of support.

Note

Hi Everyone! Hope all is well. We have a update regarding the Nasdaq. As you can see we have had a nice rejection between 13600 - 13900 zone and pushed back down to a Key level of support.

If we break this level at 13100 - 12900 this increases the the likely hood to push down to our target zone at 12700 - 12500.

For those who caught the the double top setup to sort back down, well done!

Happy Trading,
Wolf Pack Team.

Wolfpack_Traders

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