US Tech 100 - CashShort
US100 Possible Sell
Looking for possible sell positions on US100 should it break below the recently created lower low (21012.5). Possible target zone is 20673.7.
Reason for this idea, US indices have been at an ATH the last couple of weeks, the prices have been inflated way above their actual value. If ever they have to maintain that price, the chart has to go down a bit and try to regain some momentum to continue with the upward trajectory, but that should also be backed up by the top 100 companies stocks which is also based on their earnings.
In simple terms. US100 can't continue going up if the stocks aren't going up as well.
Reason for this idea, US indices have been at an ATH the last couple of weeks, the prices have been inflated way above their actual value. If ever they have to maintain that price, the chart has to go down a bit and try to regain some momentum to continue with the upward trajectory, but that should also be backed up by the top 100 companies stocks which is also based on their earnings.
In simple terms. US100 can't continue going up if the stocks aren't going up as well.
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