US100 BEARISH Short/Medium Term
Updated
After the price was rejected in the 15,000 area, It confirmed the bearish view with a new short impulse. I analyzed areas where the price could use as support. This negative impulse could cause by the forecast of a hike in interest rates over 0.5 pti in the next FED meeting in May. Mainly to contrast the high inflation.
For the next week the price could:
1- Return to the demand zone around 14,000, then check how the price acts on it.
2- We could also observe the next week a break-out of the bottom in the 13,000 area. If it was done, It could fall to roughly 12,300.
Totally, US100 showed signs of weakness from the new year, so we have to stay updated daily on markets to dynamics to lead analyzes with more accuracy.
Keep updated and subscribe!
For the next week the price could:
1- Return to the demand zone around 14,000, then check how the price acts on it.
2- We could also observe the next week a break-out of the bottom in the 13,000 area. If it was done, It could fall to roughly 12,300.
Totally, US100 showed signs of weakness from the new year, so we have to stay updated daily on markets to dynamics to lead analyzes with more accuracy.
Keep updated and subscribe!
Note
NASDAQ breaks out the 13.000 area. The view short is confirmed yet. The next target down is roughly 12.200 but we have to check how the price retrace. The main demand area is between 14.000 and 13.900. A break up of this area could change the forecast but the fundamental news move on the confirmation of a bear market.
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