FXAutomate

Caution as we head higher

OANDA:NAS100USD   US Nas 100
For now, support from the Yearly R1 @ 15000 has held and we are seeing price once again heading higher, although it would be wise to remain cautious as there appears to be a loss of momentum. I expect price to meet some resistance @ 15460 with a break above this area being bullish. If price pulls back and/or breaks below the Weekly Pivot @ 15185 there is a good chance for a deeper correction towards the Daily 100 SMA @ 14650 (Also the Weekly S2)

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