The NAS100 index has reached the lower boundary of its current trading channel. The situation presents two potential scenarios:
1. **Mean Reversal:** NAS100 may bounce back from this point, attempting a mean reversion. This implies that it could aim to recover and trend upward.
2. **Bearish Market Cycle:** Alternatively, there is a possibility that NAS100 might enter a bearish market cycle, at least until the conclusion of the earnings season.
The outcome will be influenced by various factors, including market sentiment, economic indicators, and earnings reports. Monitoring these elements will be crucial in determining the future trajectory of NAS100.
1. **Mean Reversal:** NAS100 may bounce back from this point, attempting a mean reversion. This implies that it could aim to recover and trend upward.
2. **Bearish Market Cycle:** Alternatively, there is a possibility that NAS100 might enter a bearish market cycle, at least until the conclusion of the earnings season.
The outcome will be influenced by various factors, including market sentiment, economic indicators, and earnings reports. Monitoring these elements will be crucial in determining the future trajectory of NAS100.
Comment:
This week NAS100 may swing 700 points on either side. I am more biased towards bullish.
Comment:
its been already 600+ 🤞📈
Trade closed: target reached:
15181 high till date. Trade closed.
Comment:
16000 crossed. woohoo.....!!!
P.S i am not in trade as i already closed it at 15181, missed 800 points after that
P.S i am not in trade as i already closed it at 15181, missed 800 points after that
