robofx8

NAS100

robofx8 Updated   
FX:NAS100   US 100 Cash CFD
  • buy to sell idea
    Potential nas100 move upside to 12880-13k to complete W structure. Also there was a breakout of minor structure so on technical perspective it could go upside. But interest rate today is going to be main factor. FED is expected to increase rate by 25bps but there could be surprise with 50bps because inflation is still high. 25 bps could bring stocks and gold up but it could later drop if FED's later give us hawkish comments(more rate hikes to come, etc).
If FED's hawkish NAS100 price will come back down to visit last year lows and potentially lower around 9750$.
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