Nasdaq 100: NAS100 Still Positive From Here - Next Buy Points
Nasdaq 100 Index Update
The minimum upside target at 6694 was met and the next, at
'6787 at best before it falls away again' fell 12 points short
with the high of the day at 6675.
Since then Nasdaq has fallen away in a little continuation
pattern that signals further upside in store. It's just exiting
the pattern and can be bought again with stops below 6560.
Or can wait for stronger confirmation once 6614 and the
dynamic above it has been broken above and held on retest.
Should then rally to 6673-6694 range and then once this this
range is passed - after a period of consolidation here - should
rally to 6787-6800 and then back to the highs.
Nasdaq only turns negative again if the lower parallel
supporting price gives way at any point form here.
The minimum upside target at 6694 was met and the next, at
'6787 at best before it falls away again' fell 12 points short
with the high of the day at 6675.
Since then Nasdaq has fallen away in a little continuation
pattern that signals further upside in store. It's just exiting
the pattern and can be bought again with stops below 6560.
Or can wait for stronger confirmation once 6614 and the
dynamic above it has been broken above and held on retest.
Should then rally to 6673-6694 range and then once this this
range is passed - after a period of consolidation here - should
rally to 6787-6800 and then back to the highs.
Nasdaq only turns negative again if the lower parallel
supporting price gives way at any point form here.