Kumowizard
Short

NAS100 - 4H shows possible bearish continuation. Hold shorts!

FX:NAS100   NASDAQ 100 index of US listed shares
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- Nas100             4H chart is turning more bearish , and will remain bearish biased until Price trades below 4580-4600.
- Looking at the daily: a break below 4510 Kijun and Senkou B support could increase selling pressure.
- If you consider where it was trading when last time broader SP500             was down here, then you realise it has quite a room to catch up.... I mean down!
Market did not agree with me :-). It looks it is all about protecting 200 day MA on SPX. NAS100 started "underperform" in last two days, but still managed to climb back to 100 WMA and Kumo on 4H chart.

It is more like a random walk right now.
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