Short

NAS100 - Potential Targets

How I see it:

NASDAQ is in a bearish sell-off environment.

1) A potential correction is possible (I won't buy below 21000.00)
2) Sell the rallies!

Key Resistance Zone Coordinates:
Above = 20675.00
Below = 20305.00 - "SELL THRESHOLD"

Potential "SHORT" Targets from Key Resistance -
TP 1 = 19444.00
TP 2 = 19112.00
TP 3 = 18270.00
TP 2 = 17200.00

Keynote:
Tomorrow is CPI DATA, trade safe!

Thank you for taking the time to study my analysis.

Note

Correction: TP4 = 17200 !!
My apology

Note

Please bear in my mind:
Due to CPI today, price may easily just plough straight down first.
Depending on the data outcome.
For the last couple of weeks, just minor correction attempts failed.
That all said, please refer to my previous "1W Time Frame" overbought outlook for the bigger picture:

Note

The other side of this thesis:
If the CPI data delivers a strong and big enough green daily candle to close a body
above 20800-21000 area today.
We might see some imbalances filled at last - upwards

Trade safe today, remember there is MORE than enough manageable price action after volatile data release.
Wait for 5-15mins after market opening, the whole NYSE session lies ahead.

ANROC

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ANROC