NAS 100 in a large sideways corrective structure which I expect to last until then end of August. Will make for great shorter term trades as you can buy the floor and sell the ceiling. Looking for a move down to 14800s before moving to the top of the channel. We're currently in a C wave before beginning the final leg down to the bottom of the channel.
Two options: (1) Scalp long here for the C wave up - looking for 15140. SL at the recent swing low. Excellent R:R from here.
OR
(2) Wait for the next leg down to complete and then long it for the following week.
@mtebogo011209, moved already and short term upside is limited. Wait for a move to the bottom of the channel (yellow line). Look for a bull flag on a 1H or 4H TF and then buy that breakout to the top.