Hello TradingView community, today’s video update is more to highlight an area as opposed to looking out for a potential set-up.
Tech stocks have been having a hard time of it lately, but we are seeing and watching an area between 11,780 and 11,550ish. The bottom is not exact, but after looking at the NDX100 you will see the point being made.
This area, for now, continues to reject sellers and continues to present as demand and possibly support for buyers. It’s no more than a level of interest for us at the moment. We could see price continue to hold there and perhaps push at a new move higher, or we could see sellers railroad the area.
The key for us will be if this level can continue to hold. If so, we will look for further price action to start thinking and looking for new ideas.
Good trading.
Tech stocks have been having a hard time of it lately, but we are seeing and watching an area between 11,780 and 11,550ish. The bottom is not exact, but after looking at the NDX100 you will see the point being made.
This area, for now, continues to reject sellers and continues to present as demand and possibly support for buyers. It’s no more than a level of interest for us at the moment. We could see price continue to hold there and perhaps push at a new move higher, or we could see sellers railroad the area.
The key for us will be if this level can continue to hold. If so, we will look for further price action to start thinking and looking for new ideas.
Good trading.