$NQ_F: Nasdaq 100 could turning up

After a correction in the daily chart, the market came back down to retest a weekly accumulation level (forming a new mode, from where a possible bullish trend signal can trigger).

Daily has been basing for long enough to trigger a reversal signal if price breaks over the yellow level shown in the chart. If that were to happen you can enter longs safely aiming to capture a move towards 15667.

Additionally, if this happened, the weekly chart would be in a position to confirm a weekly continuation setup, which could propel index futures much higher as per the cyan box, for roughly 8 weeks in a row.

Best of luck!

Cheers,

Ivan Labrie.

Trade ist aktiv:

Kommentar:

1st resistance broke, daily trend is now up again...Weekly to be seen.

Trade ist aktiv:

Weekly trend is up also now...

Kommentar:

2nd resistance broke too.