FadeMeIfYouCan

16/12/2020 #NDX $NDX Bullish Yes But Overextended

OANDA:NAS100USD   US Nas 100
Another strong up yesterday. But on a bigger picture, price is just consolidating.

My bias zone at 12468.1-75.3. Possible bounce at this zone. 12508 and 12536.6 should possibly trade today (counter-trend). Looking for possible short to this level. Above R are 12624.7 and 12656.4 with 12723.4 possibly capping high of day.

Below 12468.1, lower levels are 12415.8-12422.9 ( support zone ) and 12350 should cap low of day. Below that 12285 is another level of support.

Comments

12508 is going to be a strong point and an extension to 13000 is possible after fed and house stimulus inputs
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FadeMeIfYouCan famakpharm
Possible with all the gd news in place, if it is not already priced in. But based on my system, don't think we will close above 13k, or even 12900 by this month.
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