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MC_Mike_Trading

NAS100

US Nas 100 (OANDA:NAS100USD)  
MC_Mike_Trading Updated   
OANDA:NAS100USD   US Nas 100
Trend Analysis Technical Indicators Fundamental Analysis nasday 100
3
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trendanalysis indicator fundamental nasday 100
TF: 4 Hr

RSI and MACD divergence looks to be developing, possible buy
Comment:
divergence definitely was invalidated
Comment:
Divergence may not have been invalidated and price looks to be moving to the upside. I think we will see a bit more short term correction to the upside, but definitely more downside after that small correction
Comment:
Previous idea was drawn a bit premature. Based on this, we may be heading into some resistance..
snapshot
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snapshot
Trading near the top of the formation, I don't see anything really bearish. I am looking for shorts, I think price is pretty inflated overall along with the market. However, price action seems pretty bullish, so it may break to the upside so i'm holding off for now until I see something. If it continues its bullish move I may start looking for longs...we will see how it plays out
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snapshot
hmmm,..I am going to stay away from this and probably SPX for a few days and see how this plays out
Comment:
price was rejected right at 11,630 area and rocketed down
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