Nas100 remains vulnerable to the downside|New Update
Hey traders,
This is just a quick update on our Nas100 projection. Yesterday I mentioned of why I thought it would be relevant to look for short positions on Nas100. My bias still remains although there were no much movement Yesterday despite some whipsaws that we saw during New York session yesterday. As technical traders, we should always scrutinize and follow new market developments. When new developments unfold we should be swift to change our positioning.
As of now, the change in trend will only be determined how bulls react today. If they successful push price beyond the falling channel then it would signal a change of trend. As long as price is within this falling channel, sellers will continue to press and their focus will be the demand zone at 13000.
I know you friends would have different opinion. I think it is best to also make it clear that this is my opinion and it is mine alone. Hahahaha. I would respect your view and will never want to criticize it because what one sees in the market others would see it differently. Technically speaking, we all have different trading strategies, styles and market approach. That's why there's a winner and that's why there's a looser. We all can't win or loose at the same time. That's what makes trading fun. We trade what we see, we trade our plans.
In addition, my ideas should only be viewed as expression of thoughts and opinions and not investment advice.
If you find my ideas helpful, please do not hold back your appreciation with likes. To share your opinion just remember to be kind here and clearly state why your opinion should matter.
Thank you!
This is just a quick update on our Nas100 projection. Yesterday I mentioned of why I thought it would be relevant to look for short positions on Nas100. My bias still remains although there were no much movement Yesterday despite some whipsaws that we saw during New York session yesterday. As technical traders, we should always scrutinize and follow new market developments. When new developments unfold we should be swift to change our positioning.
As of now, the change in trend will only be determined how bulls react today. If they successful push price beyond the falling channel then it would signal a change of trend. As long as price is within this falling channel, sellers will continue to press and their focus will be the demand zone at 13000.
I know you friends would have different opinion. I think it is best to also make it clear that this is my opinion and it is mine alone. Hahahaha. I would respect your view and will never want to criticize it because what one sees in the market others would see it differently. Technically speaking, we all have different trading strategies, styles and market approach. That's why there's a winner and that's why there's a looser. We all can't win or loose at the same time. That's what makes trading fun. We trade what we see, we trade our plans.
In addition, my ideas should only be viewed as expression of thoughts and opinions and not investment advice.
If you find my ideas helpful, please do not hold back your appreciation with likes. To share your opinion just remember to be kind here and clearly state why your opinion should matter.
Thank you!
