Dear traders, here is my quick sell idea on Nasdaq100. We see Nasdaq 100 being held by the falling trendline that meets the horizontal level that acted as support in the past. Price bounced up from this level several times. After, the level was violated to the downside. Price came into this level several times already and it got rejected, the level is now acting as resistance. This time around, our short term sell idea is being supported with a falling trendline that meets the horizontal level making a confluence zone on the chart. I still expect Nasdaq100 to sell off for a short time before making new moves. As we go short, we do not want to stay in for long as this time a lot of consolidation is occurring in the market. A target of 15451.00 or before that can be sufficient for the day.
Trade smart.
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Trade smart.
If you like my idea please show support by hitting that like button. If you want to receive alerts of new ideas, follow me so every time I post you get notified.