Nas100 might continue going lower from here and update
Hello traders,
I'm happy if you caught the strong impulse on Nasdaq100. As you know it is very difficult to predict this instrument when it is bearish. It has become a norm that 'Nasdaq100' always rises up which is true, in longer term Nas100 is bullish. But should we keep buying with closed eyes always hoping it will continue rising? Definitely not. What we have seen is what we should always expect, every market needs some healthy correction before continuing higher. At this point it is very clear to everyone that Nas100 is bearish, at least until 14467.53. What do you think? Who will buy this today? Not me. Hahahaha. A healthy correction is about to be completed yes at least if we see Nasdaq100 meeting the support of the rising channel there we can have some confidence for bullish setups. Just keep in mind, everyone at this point is fearful, they will keep shorting, but this should be done with careful consideration that once it starts rising it cannot be stopped. A drop to the support for us will be good enough. Otherwise I wish everyone a good trading week ahead.
Do not forget to like and share your opinion in the comment section below. Thank you for your continuous support.
I'm happy if you caught the strong impulse on Nasdaq100. As you know it is very difficult to predict this instrument when it is bearish. It has become a norm that 'Nasdaq100' always rises up which is true, in longer term Nas100 is bullish. But should we keep buying with closed eyes always hoping it will continue rising? Definitely not. What we have seen is what we should always expect, every market needs some healthy correction before continuing higher. At this point it is very clear to everyone that Nas100 is bearish, at least until 14467.53. What do you think? Who will buy this today? Not me. Hahahaha. A healthy correction is about to be completed yes at least if we see Nasdaq100 meeting the support of the rising channel there we can have some confidence for bullish setups. Just keep in mind, everyone at this point is fearful, they will keep shorting, but this should be done with careful consideration that once it starts rising it cannot be stopped. A drop to the support for us will be good enough. Otherwise I wish everyone a good trading week ahead.
Do not forget to like and share your opinion in the comment section below. Thank you for your continuous support.
