Most traders when we start this trading week had high hopes about going to the 10 000 USD Level in NAS100. BUT first they should be a retest of 9700, I THINK Most Traders Were RIGHT BUT THE TIMING WAS JUST NOT ACCURATE, I THINK IT IS TIME NOW FOR NAS TO GO AND RETEST THAT 9700 LEVEL. BUT FIRST I WILL TAKE THE FOLLOWING AS MY TARGETS BEFORE REACHING THE 9700...
GOOD GOOD SUPPORT AT 9400 I WILL GO LONG UP TO 9600 But for my Short Term Trades TAKE MY BUY STOP AT 9444 TARGET 1: 9483
NAS OPENS WITH A GAP AND LEAVE BUYERS HANING UP THERE, TO CONCLUDE THEIR THIRD PHASE OF TRENDLINE BOUNCE.
We see a nice nice Tripple Bottom indicated 1,2,3. I hope you ready for a great week.
LETS TRADE WITHIN THAT RANGE, LONG UP TO D, ACCUMULATION PHASE WITHIN THE TRENDLINES ZONE(RESISTANCE ZONE) THEN WAIT FOR THE NEXT CONFIRMATION.
Due to False Trendline Breakout happened at the Current High(8231.10), we going SHORT to accumulate more buyers.cONSIDER THE UPTREND WAVE STRATEGY ALSO
Check for a potential Breakout.
Dow Jones Lacks Sustained Momentum The Dow Jones Industrial Average was lagging the other major US stock market indices on Thursday, as both the S&P 500 and Nasdaq were able to squeeze out gains of more than 0.40%. At last check, the Dow had climbed 68.36 points or 0.25% to 27,070.34