Nasdaq100 is far the strongest stock index. If I think about short in US equities, I still prefer SPX short.
NAS100 will be a swing sell only if the daily first trendline breaks!
Weekly:
- Bullish Ichimoku, but price is too far from Kijun.
- Bullish Heikin-Ashi
No real sign of weakness or negative divergence yet! Even if at some point it starts a pull back, the start of the move may take another week at least.
Daily:
- Ichimoku is neutral to bullish. Price still holds above Kijun.
- Ichimoku shows some indecision, minor bearish bias -> hadelta+ and haOscillator tick below their center lines
- Swing short recommended only if price breaks below Kijun and the steeper trendline. Even then short term there will be much support in 5250-5300 zone.
- Can this break of trendline happen? Given how massive negative divergence has been nuilt in both MACD and EWo, I say yes, it is possible to happen. Will it happen right now, or will it take few more days, that we don't know.
NAS100 will be a swing sell only if the daily first trendline breaks!
Weekly:
- Bullish Ichimoku, but price is too far from Kijun.
- Bullish Heikin-Ashi
No real sign of weakness or negative divergence yet! Even if at some point it starts a pull back, the start of the move may take another week at least.
Daily:
- Ichimoku is neutral to bullish. Price still holds above Kijun.
- Ichimoku shows some indecision, minor bearish bias -> hadelta+ and haOscillator tick below their center lines
- Swing short recommended only if price breaks below Kijun and the steeper trendline. Even then short term there will be much support in 5250-5300 zone.
- Can this break of trendline happen? Given how massive negative divergence has been nuilt in both MACD and EWo, I say yes, it is possible to happen. Will it happen right now, or will it take few more days, that we don't know.
