NAS100 USD NQ1! NASDAQ 2022 JAN 31 week
Last week's short preference served us well again.
13706 was a previous high volume demand level,
resulting in an 800pt rotation currently.
2 scenarios may result
a) Market will take some time to absorb demand, and
then continue on its downtrend to test another
high demand area 12955
b) Demand comes in to support and re-accumulation
occurs, and market attempts to exit the current
downtrend.
This week's preference will be to adopt a
rotation play, i.e. entries will be made
at the edge of rotation boundary
Weekly = High volume bar closing off low, rejection of
lower prices = Strength
Daily = rotating between and14582 and 13706
H4: Some increase in bullish volume
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
16767 16481
15992 15492
14582 14430
13706 12955
12465
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Have a profitable trading week ahead.
