VasilyTrader

Nasdaq-100 Index (US100) Waiting For Breakout

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CAPITALCOM:US100   US 100

Nasdaq Index is stuck between 2 solid structures.
Depending on the reaction to the underlined areas, I see 2 potential scenarios.

1 - Bullish
If the price breaks and closes above 12700 - 12900 supply cluster on a daily,
I will expect a bullish movement at least to 13130

2 - Bearish
If the price drops and closes below 12300 - 12500 demand area on a daily,
I will expect a selloff to 11900

Wait for a breakout, it will show us the future direction of the market.

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