SATRIX NASDAQ 100 ETF
Short

TECHnically, you should be careful AS WELL

180
Big break yesterday on the medium-term support line and although the share price finds itself in somewhat OVERSOLD according to the 14-day RSI, I would be staying clear for now over the shorter-term. The next support level is the 200-day Moving Average (EMA) at R103.11. If I was a short-term trader (which I’m not), last mentioned will also act as my stop-loss level as a break below this level most probably bringing back sub-100 levels. Should this turn out to be a false break, could see the share price test R114.

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