Technical Analysis and Outlook With the inner Index Dip 6455 open for business, we have two critical, support/resistance points at stake: Mean Resistance 7208 on the upside and Mean Support 6717 on the downside. (See 'Indices Market' tab for full Market Commentary).
Good work nailing the support level. It was very close to that today. i.e. 6712.
Give the run-up today from the China tariff comments which were later dismissed, what are your thoughts on Nasdaq 100 moving forward?
TradingSig
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@priceactionguru, Thank you. BTW, as you can see on the chart analysis, Leg 3 in progress is pointing to Index Dip 6455. However, there is that pesky Mean Resistance 7208 which might get play out - probability is somewhat low.
Give the run-up today from the China tariff comments which were later dismissed, what are your thoughts on Nasdaq 100 moving forward?