NAS100

Price was bullish before Thursday 8/24, so my bias was taking buys after we got a correction to continue the trend to the upside breaking the previous high (15374). Fundamentals caused a sell off by fed hinting that rate cuts weren’t coming anytime soon, so the market sold off before Powell spoke Friday morning. My bias coming into this week is taking shorts only if we break and close under 14890 area targeting 14711 and possibly 14601. The only way i would entertain a buy is if price breaks above 15072 targeting 15374. Price already gave us an indication where it can head to once breaking above that level of 15072. We’ll see what this week brings.

Comment:

Price is showing us it wants to continue up, buys are valid above 15072 area. I would wait for a break and close of the body preferably on the 1hr time frame to be safe, but usually i just wait for 15min time frame.

As you can see we broke structure Friday by breaking under those lows hinting bearish momentum but today we broke over that last high signaling more bullish pressure

Trade active:

Entry 15084
Sl 15000
Tp 15350

Comment:

Stress Free Trade

Up over a 100 points

Up to you if you want close or hold

Comment:

Up 200 points!

Trade closed: target reached:

TP HIT
1:4 RR