NQ1! NAS100 NASDAQ 2023 JAN 28
Result for week of 23 Jan analysis yielded Intraday 100pts on 25 Jan
and 450pts for levels/position trade.
Price is now at the Rotational Resistance area.
Higher TF did not display trend changing weakness.
H4 is showing a potential weakness for long on retracement
opportunity / temporary short opportunity.
Possible scenarios:
1) Short if rejected between 12400 - 12140 / 11727
2) Breakout of rotation = possible long if price continues to trade
at upper boundary of rotation zone.
Volume Analysis:
Weekly = Ave vol up bar close off high = Minor weakness
Daily: Ave vol up bar close off = Minor weakness
H4 = Ave vol down bar (UT) S>D = Possible Trend Change
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12987 12400 - 12140 11603
10890 10710 10484
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
