As I stated in my previous idea, NAS100 still looked more bearish seeing that it had been in a strong bearish momentum for quite a while due to the fact that all U.S major stocks are struggling to pick up. As seen on the chart, the market created equal tops (double tops) which may suggest that the index has printed a supply zone. From my original bias, I still anticipate the market to reach 11200. It would be wise to look for short opportunities with targets at 1153 and 11200.
Keep in mind to protect your positions wisely and follow your own trading plan as well as taking responsibility for whatever results from your trading decisions.
Keep in mind to protect your positions wisely and follow your own trading plan as well as taking responsibility for whatever results from your trading decisions.
