NASDAQ 100 Technical Analysis - Critical Region For Bullish Case
Hello tradingviewers,
-A lot like the S&P500 analysis I made, I believe indexes are much still bullish although of quite uneventful week of bad news at the end of it ("In the week of July 20-25th, tensions between US and China has been rising, COVID-19 cases keeps on rising and with recent earnings Tech Stocks have taken quite a dive as the week closed ( bearish sentiment) , but apart from current fundamentals, .... technical analysis shows us that we have been bullish since the March Lows and are currently trending and following that trendline support").
-The NAS100 has been very very bullish quite, parabolic, I do believe it has room to move forward even higher to 11 000-12000 and hopefully make 11 000 the next line of support, although it is important that we DO NOT BREAK 10 000 level , it's our strongest and psychological support level + trendline is still valid and holding NAS100 at around 10500 with a daily bullish hammer candle.
- To avoid getting stopped by "stop hunts" putting your stop loss slightly below 10 000 like show in my chart analysis is a wise decision in my opinion, always prepared for the unexpected .
Thank you for looking into my technical analysis I hope you a happy & safe trading ... My GOAL is to help people make money & show AUTHENTIC + TRANSPARENT track record of my success/failures in the forex market and stock market.
PEACE OUT ! MUCH LOVE !
-A lot like the S&P500 analysis I made, I believe indexes are much still bullish although of quite uneventful week of bad news at the end of it ("In the week of July 20-25th, tensions between US and China has been rising, COVID-19 cases keeps on rising and with recent earnings Tech Stocks have taken quite a dive as the week closed ( bearish sentiment) , but apart from current fundamentals, .... technical analysis shows us that we have been bullish since the March Lows and are currently trending and following that trendline support").
-The NAS100 has been very very bullish quite, parabolic, I do believe it has room to move forward even higher to 11 000-12000 and hopefully make 11 000 the next line of support, although it is important that we DO NOT BREAK 10 000 level , it's our strongest and psychological support level + trendline is still valid and holding NAS100 at around 10500 with a daily bullish hammer candle.
- To avoid getting stopped by "stop hunts" putting your stop loss slightly below 10 000 like show in my chart analysis is a wise decision in my opinion, always prepared for the unexpected .
Thank you for looking into my technical analysis I hope you a happy & safe trading ... My GOAL is to help people make money & show AUTHENTIC + TRANSPARENT track record of my success/failures in the forex market and stock market.
PEACE OUT ! MUCH LOVE !