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Analysis:
-We saw NAS100 go up today, and is currently in an upwards trend
-it recently rejected at the 10650 zone ,if it doesn't break the resistance zone the indices will go down and test the nearest support area (purple line)
which is also the 38.2% Fibonacci zone
-Always wait for confirmation in terms of where the pair will go
COT Analysis:
-Asset Manager/Institutional == 65,920 LONG positions ; 28,945 SHORT positions
-We saw NAS100 go up today, and is currently in an upwards trend
-it recently rejected at the 10650 zone ,if it doesn't break the resistance zone the indices will go down and test the nearest support area (purple line)
which is also the 38.2% Fibonacci zone
-Always wait for confirmation in terms of where the pair will go
COT Analysis:
-Asset Manager/Institutional == 65,920 LONG positions ; 28,945 SHORT positions
Always wait for confirmation, we lost nothing