NAS100 - Bulls are happy, but maybe it's a bit too much here
Bullish on all time frames... but...
It's getting overbought on all time frames! Not surprising after such a vertical move during 8 trading days since it touched Kumo top on daily.
Slow Stoch is in overbought territory, and 1 Hr ADX is too high. 4 Hrs ADX has some more room until 40, but that is getting overbought too.
A short term final blowout to 4050 is not impossible, but I think correction time is getting close. If it happens, first pull back tgt is 3980-4000.
It's getting overbought on all time frames! Not surprising after such a vertical move during 8 trading days since it touched Kumo top on daily.
Slow Stoch is in overbought territory, and 1 Hr ADX is too high. 4 Hrs ADX has some more room until 40, but that is getting overbought too.
A short term final blowout to 4050 is not impossible, but I think correction time is getting close. If it happens, first pull back tgt is 3980-4000.
