Melissa_Amana

One target and one resistance to watch out!

TVC:NDX   NASDAQ 100 Index
The Nasdaq100 did very well today, but now we might see some signs that it is tired. The RSI is too high, and the index hit the 13,400 resistance, a clear resistance seen in the 4h chart:


Like this wasn't enough, it hit the 20ma too. Don't be surprised if it drops tomorrow, but would this be a reason to worry? Not at all.


Despite the imminent resistance, the 13,700 area is a target for us now. But let's be aware of the 13,400 first! Trade carefully.

If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.

See you soon,
Melissa.

Comments

These people are habitual gamblers. Zero contribution to society.
Reply
@CaliJ0e, said the one who contributed a lot to his 0 followers. Now I have a question for you. What would you call someone who keeps wasting his time commenting on analysis from people he doesn't even like?

I call them sad losers, who just give me more engagement.
+2 Reply
most unhelpful post ever
Reply
Melissa_Amana telecaster82
@telecaster82, said the very helpful trader, that helped a lot his 0 followers with his 0 ideas and he received 0 likes for that!

The only thing you are useful is that you commented here, and this is good for me, as this means more engagement.

Thanks, my useful friend.
Reply
This bounce looks just like 01 march... lower still IMO
Reply
Melissa_Amana DaddySawbucks
@DaddySawbucks, this could be, indeed! We'll see.
Reply
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