Assessing NAS100: Support Holding, Outlook Uncertain
Hello Everyone,
Despite NAS100 currently trading below its 1-day, 1-week, and 1-month pivot points, it still presents a buying opportunity. Strong weekly support levels are observed at 17973.03 and 17821.45, with monthly supports at 18072.973 and 17877.066. These levels are holding up well for now. It's prudent to wait and see if NAS100 establishes itself comfortably below these supports before considering further downside. The market's direction, whether it continues bullish or turns bearish, remains uncertain, and it's best to monitor how events unfold.
TradeWithTheTrend3344
Despite NAS100 currently trading below its 1-day, 1-week, and 1-month pivot points, it still presents a buying opportunity. Strong weekly support levels are observed at 17973.03 and 17821.45, with monthly supports at 18072.973 and 17877.066. These levels are holding up well for now. It's prudent to wait and see if NAS100 establishes itself comfortably below these supports before considering further downside. The market's direction, whether it continues bullish or turns bearish, remains uncertain, and it's best to monitor how events unfold.
TradeWithTheTrend3344