As we know normally the Nas100 it’s bullish, but why?
Well, when you invest normally you look for something stable and from the past performed well, that’s normally the Nas100 did, Like AMD, NVDA, Tesla, Microsoft etc. Last year all those stocks performed very well with likely 20-30% up.
Nas100 is related to Us30 and Smp500, usually last one perform 8-10% yearly.
As last year performed so well, I’m expecting a bearish year for Nas100 specially after the news.
Most of the Investors (mid long term) are currently going to looking something stable, like Gold and BTC.
As those are going up Nas100 and related are going down inevitability.
ATH in nas100 were been taken several times in the last 6 months and we need a significant retrace down, currently on 1H TH we are lower in the 100 SMA and this means that in a mid term it continues BEARISH.
This is in line with expectations to may some (interest cut) in June. Till then my bias is bearish.
I’m sharing my Analysis with chart also to understand my thoughts and decision.
Currently I’m expecting as mentioned to continue a Downtrend, followed by retracement etc.
I will publish in my mind section my position when I Open them.
So now it will arrive form my option lower than 17862.3, as on 18208.1 touched the 0.618 Lev and back down without braking any LH.
If it will going up again? If Yes, it has to stop between
Lev 0.618 Fib meaning (17994.4)
Lev 0.786 Fib meaning (17936.3)
And created a new LH that is positioned at 18208.1.
Happy trading!
Well, when you invest normally you look for something stable and from the past performed well, that’s normally the Nas100 did, Like AMD, NVDA, Tesla, Microsoft etc. Last year all those stocks performed very well with likely 20-30% up.
Nas100 is related to Us30 and Smp500, usually last one perform 8-10% yearly.
As last year performed so well, I’m expecting a bearish year for Nas100 specially after the news.
Most of the Investors (mid long term) are currently going to looking something stable, like Gold and BTC.
As those are going up Nas100 and related are going down inevitability.
ATH in nas100 were been taken several times in the last 6 months and we need a significant retrace down, currently on 1H TH we are lower in the 100 SMA and this means that in a mid term it continues BEARISH.
This is in line with expectations to may some (interest cut) in June. Till then my bias is bearish.
I’m sharing my Analysis with chart also to understand my thoughts and decision.
Currently I’m expecting as mentioned to continue a Downtrend, followed by retracement etc.
I will publish in my mind section my position when I Open them.
So now it will arrive form my option lower than 17862.3, as on 18208.1 touched the 0.618 Lev and back down without braking any LH.
If it will going up again? If Yes, it has to stop between
Lev 0.618 Fib meaning (17994.4)
Lev 0.786 Fib meaning (17936.3)
And created a new LH that is positioned at 18208.1.
Happy trading!