Nas100 remains under pressure and downward move is more likely
Nas100 remains under pressure and downward move is more likely to happen. Same applies to US 30 and S&P 500.
Looking at market structure with lower highs and lower lows getting printed we can expect bulls to still have a challenging moment. As I mentioned last time in my previous idea bears are still in domination and they eye the 13000 psychological level.
Only if 14000 should be breached above and bulls defend this level we can see price reaching to the nearest high of 14600. At this moment there's high possibility that bears will push price lower at least printing a new low.
We will wait for proper confirmation to confirm the direction of the market. My bias is still bearish at the moment.
Let me know in the comment section below if you have different idea on this.
Please show your support with likes.❤️
Looking at market structure with lower highs and lower lows getting printed we can expect bulls to still have a challenging moment. As I mentioned last time in my previous idea bears are still in domination and they eye the 13000 psychological level.
Only if 14000 should be breached above and bulls defend this level we can see price reaching to the nearest high of 14600. At this moment there's high possibility that bears will push price lower at least printing a new low.
We will wait for proper confirmation to confirm the direction of the market. My bias is still bearish at the moment.
Let me know in the comment section below if you have different idea on this.
Please show your support with likes.❤️
