NAS100 [US100] Daily Outlook | July 14

Long Term Outlook:

Looking at NAS100 Daily TF, the instrument remains bearish until 12949.00 level is broken. I see a trend-line joining 13500, 12949 and 12175 indicating that price may yet see 11163 area with enough volume .


Short Term Outlook:

a. Market is ranging between 11725.42 and 11644.00 (Range 0) and 1HR break and closure above 11725 zone will make price to test 11937 area (Range 1).

b. On the other hand, the break and closure of 1HR price bar below 11644.00, we may yet see a dip down to 11407.97 (range 3) with partials closure at 11533.51 (range 2)


Let me know what you think on the comment section.

NOTE: I trade NAS100 live from Mon-Fri at 8:45 AM EST/ 4:45 PM GST

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-Kings