NAS100 broke out to the upside leaving a lot of untapped liquidity behind...I'm looking for a retrace opportunities at the reaction zones paired with Fibs and key levels.
After getting a decent reaction from 15100 level we pushed back up asian session to grab some liquidity from 15150. Will the market have enough power to push up through 15200 during NY or will we see a stong early week end of month sell off. ONLY TIME WILL TELL but im on the sell side.
After a nice reaction off the short at 15000 NAS has bounced back to grab some more sell side liquidity. As it approaches the 15100 level im looking short.
NOW that NAS100 ripped down and grabbed liquidity from the previous daily fractal it has retraced to the .88 level. With tapering still a dark cloud over the market i'm still bearish
now that we hit the .88 level and got a nice reaction we see that 14900 wasnt touched yet leading me to believe that theres more downside to the 14850 level and the 100% retrace level. If this is broken we can possibly see some serious future downside to NAS100.
Nas100 tapped into the 79% level and shot up the rest of the day. After grabbing some more liquidity north of 15,100 and pulling back it looks like we may be under some more downward pressure. There is some unfinished business at the 14900 level which lines up nicely with the .88 level...new focus on a fall and another rebound just like the .61,.70,and .79...
NAS100 retracing to find some liquidity. got a nice reaction from the 38 level and two beautiful reactions from the 50 level. After a nice move off of the 61.8 level we came back down and treading water above the 15,000 big figure. Focus on the 79-88 crunched between 14950-14900