Analysis:
-We saw NAS100 go up today, and is currently in an upwards trend
-it recently rejected at the 10650 zone ,if it doesn't break the resistance zone the indices will go down and test the nearest support area(purple line)
which is also the 38.2% Fibonacci zone
-Always wait for confirmation in terms of where the pair will go
COT Analysis:
-Asset Manager/Institutional == 65,920 LONG positions ; 28,945 SHORT positions
-We saw NAS100 go up today, and is currently in an upwards trend
-it recently rejected at the 10650 zone ,if it doesn't break the resistance zone the indices will go down and test the nearest support area(purple line)
which is also the 38.2% Fibonacci zone
-Always wait for confirmation in terms of where the pair will go
COT Analysis:
-Asset Manager/Institutional == 65,920 LONG positions ; 28,945 SHORT positions
Always wait for confirmation, we lost nothing