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Theperfectionist

Overall view of NAS100 or US markets - Update of June 24th

Short
US Nas 100 (OANDA:NAS100USD)  
Theperfectionist Updated   
OANDA:NAS100USD   US Nas 100
Trend Analysis Harmonic Patterns Chart Patterns usmarket nasdaq NASDAQ 100 CFD Bearish Patterns SELL levels indexes g20summit
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trendanalysis harmonicpatterns chartpattern usmarket nasdaq nas100 bearish sell levels indexes g20summit
After a retest of the resistance zone that carries the high of the year and the all-times high as well, US markets are subjected to selling pressure. Volatility is to be expected at the end of the week with US major news like the initial jobless claim, the GDP annualized or the G20 meeting. NAS100 and its correlated pairs are likely to move to the support zone unless they are brought to @7720.0.

Possible targets: @7500.0 (+1200pips or 120.0 per unit)

Advice: Stay bearish and sell at any high points while we don't break up the @7720.0 level.
Trade closed: stop reached:
There were no follow-through after the bear pressure. Prices settled back at the resistance zone.
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