Traders, let's discuss a little bit of the technical aspect of Nas100.
First we see the support swap resistance zone that of course was a strong support in the past. This level kept price above it since December 3rd, 2021. We also see that the market bounced up on this level on 20 December 2021, a bounce up that created a cup shaped pattern and on 10th January...
Nasdaq tanks lower exactly like forecasted down.
We have build up a fine short channel now where Nasdaq should go now to lower levels.
All older support levels ar around 7050 to 7080 has become now resistance levels.
I have marked these lines in orange now for more easy to see.
Remember:
Blue = Support
Orange = Resistance
Only break of one of the...
