Disclaimer: all opinions are just that; opinions. This is not financial advice. Author bears no responsibility for any action taken as a result of this opinion. We are currently testing the waters of a zone that was previously a heavy support area. With most of the SE US on a hurricane watch this week, I expect NAS to continue to hover in this delicate area until...
Please see chart and previous movement. Mirror moves in progress.
Hard to tell where NAS is going to go on any given day since 03/11/22. It's still under the ascending channel, but is quickly rallying to reach new highs on the daily. We're also currently at an area that has previously been met with strong support and strong resistance.
As I showed you yesterday, NAS made a bull run toward completing a W formation. Now looking in the circular area near previous wick sells to get into a sell. We may see another retest of the 13000 support line, depending on if today's news breaks 14000 or fails to. This is not financial advice. Wishing you a BLUE day!
Please take a look. Potential Federal relief rally will take all shorts out. This is not financial advice. Wishing you all a BLUE day!
It's no secret that news plays a HUGE part in NAS' movement. Back in 2020, the pandemic hit, causing this massive dip, then it went right on to higher levels. Again, we see this happening. Could NAS be preparing to catapult to its almost ATH? Open to conversation and ideas about this. Wishing you all a successful trading week ahead!
After NAS's fall on Friday, we could see another retracement back to last week's high. Waiting for a good entry. Best of trading to you all!
NAS will look to trap sellers and continue upward following the channel and bull rally. This is not financial advice.
NAS has been on a vengeance bull run. It is my prediction that it will fall to a level that will cause a bounce on the trendline. Two NFP Fridays now have cause major bull moves for NAS. Trade wisely and with the trend. Looking to get into some great sells next week. Happy Fourth of July weekend to my fellow Americans; be safe!
If you were to draw a vertical line down the middle of last/this week's consolidation, you would see a perfect reflection setup. Looking to buy around 13768 pending NFP news.
Last week I said NAS would be heading back down to the 13500 range for retracement after a historical consolidation period. I believe it may go even further down past the retracement level down to the next key level. Disclaimer: this is not financial advice. Investing in securities involves high risk. Trade wisely.
Now we see here NAS100 has failed to break some heavy resistance for the second week in a row. Smart money setting up a bull trap, so buyers beware. Get ready for retracement back to 13500 and possibly lower. Disclaimer: this is not financial advice. This is my own personal prediction. Investing in securities involves high risk. Trade responsibly and sensibly.