NQ1! NAS100USD NASDAQ 2023 JULY 13
Wait for Mon 17 Jul's bar close to determine if Friday's mark down is for additional buying / weakness.
Possible Scenarios:
1) if Mon 17 Jul closes higher = long on reracement
2) If Mon 17 Jul closes lower = look for low volume mark up, rejection, then short at rejection
near recent resistance / high
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 15839 15507
15118 14850 14368
*Longer term: 13350 needs to be supported for long trend to be intact.
Price/Volume/Trend Analysis:
Weekly: NTC ave vol up bar close off high = minor weakness | Uptrend
Daily: UT ave vol bar in an uptrend = wait for next bar to determine if this is
marked down for additional buying or weakness | Uptrend
*NTC = Non-Trend Changing | PTC: Potential Trend Changing
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Have a profitable trading week.
*For education purpose only.
