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Underlying:NAS100
Time frame:1D
So recently I posted a chart on the NASDAQ. I was initially expecting a touch of the top of the current range and then it would fall away. It has now actually broke above the trading range which has put things on the back foot a little. With these ranges you can get a "fake out" move and then a decline afterwards. As the market has been so strong as of late, with no healthy corrections and the fact of previous cycles in October, I am still looking at a move down.
Be careful when trading this though, the markets can remain irrational longer than you can solvent!
Underlying:NAS100
Time frame:1D
So recently I posted a chart on the NASDAQ. I was initially expecting a touch of the top of the current range and then it would fall away. It has now actually broke above the trading range which has put things on the back foot a little. With these ranges you can get a "fake out" move and then a decline afterwards. As the market has been so strong as of late, with no healthy corrections and the fact of previous cycles in October, I am still looking at a move down.
Be careful when trading this though, the markets can remain irrational longer than you can solvent!
