7pasos

Bulls need to push harder if want to keep the trend

CME:ND1!   Nasdaq 100
231 0 0
The Bullish engulfing marked by the last big green candle is a bullish signal among uncertainity, because had been forming a potential H&S that could lead to a decline that could trigger the bearish divergence observed in the last two main highs (@3060 and 3155 aprox)

You should remind that a divergence only triggers a potential reversal once the trend bends (observe the lower blue trend line).

Before that, there is a support zone (formed by an still open gap) that starts at 3013.5 and the last hope for the bulls in case of the fall starts will be at 2860

Thats why I think if the bulls wants to keep in control of the game, should keep pushing higher and faster now or the trend will bend.

Have a great weekend
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