NAS100 has reached my monthly high, and could possibly have a drastic drop.
Monhtly High, closing the gap left by the market open on Sunday night (London time 10pm)
15 min chart shows double top
Sell from monthly high and double top formation at monthly high on the 1hr chart
A short-term triangle is underway for MU as it hits heavy resistance from previous monthly highs. The candlestick patterns are indecisive.
Nike rebounded from a steep sell-off, to gap and run up. The support for the rebound is prior months’ highs. Stock indicators turned positive. However, resistance is stronger against the rebound candlestick pattern.
Salesforce.com formed a Rounding Top that broke to the downside. However, it did not complete the Rounding Top Formation yet, as it bounced strongly off of previous monthly highs.