VasilyTrader

Nasdaq-100 Index (US100) Swing Trade Explained

Long
CAPITALCOM:US100   US 100

Nasdaq Index formed a cup & handle pattern on a daily.
13180 - 13300 is its neckline.
If the price breaks and closes above that, I will expect a bullish trend continuation.

The next goal for buyers will be 13600.
For entries, you can consider the occasional retest of a broke neckline with a safe stop loss lying below the handle.

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