The Nasdaq100 did very well today, but now we might see some signs that it is tired. The RSI is too high, and the index hit the 13,400 resistance, a clear resistance seen in the 4h chart:
Like this wasn't enough, it hit the 20ma too. Don't be surprised if it drops tomorrow, but would this be a reason to worry? Not at all.
Despite the imminent resistance, the 13,700 area is a target for us now. But let's be aware of the 13,400 first! Trade carefully.
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See you soon,
Melissa.
Like this wasn't enough, it hit the 20ma too. Don't be surprised if it drops tomorrow, but would this be a reason to worry? Not at all.
Despite the imminent resistance, the 13,700 area is a target for us now. But let's be aware of the 13,400 first! Trade carefully.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
