Nasdaq-100's Monthly & weekly analysis from a daily perspective.
You have a zone ($11703-$12439) that formed at the high end of the curve and an even bigger one at the low end so there's a huge range of opportunities to be taken advantage of in this particular market.
It wouldn't surprise me to see some upward movement into the zone up top before price action start the process of breaking down which would be my ideal area for short opportunities. I would only look to long IF (or when) there's a B.A.R of the $12439 level, and I would go to the HTFs in order to see what's the next potential barrier so the TP could be set before that barrier is reached.
You can also look at the break of that diagonal support as a precursor for what's to come in the near future.
Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
You have a zone ($11703-$12439) that formed at the high end of the curve and an even bigger one at the low end so there's a huge range of opportunities to be taken advantage of in this particular market.
It wouldn't surprise me to see some upward movement into the zone up top before price action start the process of breaking down which would be my ideal area for short opportunities. I would only look to long IF (or when) there's a B.A.R of the $12439 level, and I would go to the HTFs in order to see what's the next potential barrier so the TP could be set before that barrier is reached.
You can also look at the break of that diagonal support as a precursor for what's to come in the near future.
Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.