Weekly Analysis for #NDX for 19-23 April 2021
Trend: Daily/Weekly/Monthly: Up/Up/Up
#NDX made ATH at lower volume but well so what?
We opened below my bearish line 14005.
What can be a trigger for a sell? The only probable I can think of is crypto buyers losing it all.
3 scenarios:
1) Asian opens and we sell, further, possible pullback in European session but we must close US below 14005. Selling continue rest of week
2) We have a move higher as Asian opens, hitting 14059 before selling off, and ending the week somewhat unchanged.
3) We have the move up, break 14059 bull line, rally higher to 14161 before a pullback to end the week.
#NDX made ATH at lower volume but well so what?
We opened below my bearish line 14005.
What can be a trigger for a sell? The only probable I can think of is crypto buyers losing it all.
3 scenarios:
1) Asian opens and we sell, further, possible pullback in European session but we must close US below 14005. Selling continue rest of week
2) We have a move higher as Asian opens, hitting 14059 before selling off, and ending the week somewhat unchanged.
3) We have the move up, break 14059 bull line, rally higher to 14161 before a pullback to end the week.
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