Option 1 (Orange): We could see a continuation of the tech rally and momentum till about 11050. That's a good 200 pip movement and should add a couple dollars to your pocket!
Option 2 (Blue): We see that the market is touching an important line meaning that it could fall. This is because fear is being injected into the market and Nas100 is at an overbought stage resulting in a price pullback. The ideal situation would be that it drops to 10650 and bounce off the support line and play around our two yellow zones to form a and shoot up. We will need to see lower highs formed tomorrow and Tuesday for this to happen. We could also see the market bounce off at around 10700. Now this option would put even more Dollars in your pocket!
I am still a student so please take my analysis with a grain of salt.
Comment down below if you would like to give me any advice or genuinely anything to motivate me.
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