NDX is trading in Supply zone for 2nd week now

NASDAQ 100 IndexNASDAQ

Description

⋅ Feb 16, 2023 2:38 AM

The main resistance is at 12805 to 12900

There is an extension to 13500, in case it wants to extend.

Biden is travelling to Poland on the 20th, and it's a long weekend.
There are some rumours about Poland attacking Belarus before the 25th.

Something big is coming from now till July of this year.

This high in Feb/Mar might be "the high" for the year...

Have a great week

Comments

TORNADOF5

⋅ Feb 16, 2023 10:31 AM

seems like the buyers not care any patterns or indis ,they just keep buying and pumping omg

RealTima

⋅ Feb 20, 2023 9:13 PM

@TORNADOF5, Well the price didnt really move much in the last several weeks anyway. Its a pure distribution to me

jakslo23

⋅ Feb 16, 2023 8:33 AM

13k or 13,5k is max for now? I agree. But Poland attacking Belarus is just fake news. Facts are that Poland did not even agree to send jets directly to Ukraine when US was trying to rope them into doing this, instead they offered to send their jets to NATO base in Rammstein, so the NATO sends them to Ukraine instead. So they won't do anything just based on the deal with US, whole NATO must align, and NATO will never agree to attack Belarus. Plus this region is already escalated enough, so for potential escalation scenarios I would rather look to Asia and Pacific.

RealTima

⋅ Feb 20, 2023 9:13 PM

@jakslo23, I think you missed one important KEY WORD here - "Rumours"! Only 5 days left for that time window, anything can happen next several days

enlclemence23

⋅ Feb 16, 2023 2:49 AM

Thanks Tima! I agree...war is brewing.

RealTima

⋅ Feb 16, 2023 2:50 AM

@enlclemence23, It's already started; they are looking for any possible way to escalate it! Unfortunately