(NAS100 1D) THIS COULD BE CRAZY.. The big short crazy
Nasdaq Pretty big stock exchange ranking number two in market capitalization in the United States could be going down...
Nitty Gritty we just made a lower high on 4 hour and daily time frame. If we hold current structure price is going to want to create a lower low and continue down until we reverse.
Yes... A downtrend in a market this size could be a crash coming up...
Bright side after 08 we*re at 1300% gains so at the end of the day it*s not the worse thing that could happen. This will allow others to get into positions for very cheap prices.
KEY LEVELS:
SUPPORT - 13743
MORE SUPPORT - 12514
RESISTANCE - 15500
If we cannot break above 15500 in the next week or two I expect price to fall to one of these support levels.
The market is funny and could easily fake everyone out and continue up in the future, but market structure usually tells you the most probable direction for the future or current state.
Happy Trading
Nitty Gritty we just made a lower high on 4 hour and daily time frame. If we hold current structure price is going to want to create a lower low and continue down until we reverse.
Yes... A downtrend in a market this size could be a crash coming up...
Bright side after 08 we*re at 1300% gains so at the end of the day it*s not the worse thing that could happen. This will allow others to get into positions for very cheap prices.
KEY LEVELS:
SUPPORT - 13743
MORE SUPPORT - 12514
RESISTANCE - 15500
If we cannot break above 15500 in the next week or two I expect price to fall to one of these support levels.
The market is funny and could easily fake everyone out and continue up in the future, but market structure usually tells you the most probable direction for the future or current state.
Happy Trading
Comment:
12514 Level Of Interest for the future