lazyluchi

Nasdaq100 what now episode 16

OANDA:NAS100USD   US Nas 100
Look at the chart above.. Gibberish! That's all I see. Today has been the absolute worst in terms of structure. It's Funny how it's a clear down-trend on the 4-hour even the daily. But the bulls aren't giving it a rest. Break-outs with no retest. Both parties are in a tug-of-war. If you take a sell, you lose; if you take a buy, you lose. Listen! I feel like today's a deciding day though. The bears aren't giving up neither are the---bulls.
The 4-hour time-frame however has a lower-lo hanging waiting to see if the might bulls can break the 13573 daily 23% fib level structure. What the actual hell is going on?

The daily is really close to the 0% at 13079 but the bulls said, "No sir". The weekly however, has failed to break past previous lower-lows at 13,000. Every time-frame with own madness. Today has taught me numerous lessons. The most vital still remain these two: 1. Anything can happen and 2. No two market movements will be the same. Every market's movement is unique.
I really don't know who will win today but.. If there's a break, I'll like to be on the winning side.

Love,
Lazyluchi for Nasdaqgods.

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