Pullback to long again last week worked well for NAS. At the moment chart indicates overbought. Preference is to short on weakness given the below wekaness indications.
Weekly: Average volume up bar closing off high. A little more effort compared to the up bar before it yet spread is narrrower than it = Weakness expected Daily: Average volume up bar closing near middle = weakness H4: After ultra high volume bar A, market went up on narrow spreads, together with B being a UHV bar on narrow spread indicates professional selling = Weakness expected
16236 need to hold for uptrend to be intact.
17070 16695 16490 16303 16006 15896 15717 15503
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