StocknetInstitute

US100 (NASDAQ)

Long
Head and shoulders formation coinciding with a false break of structure / mitigation block. If we close nicely above the 200EMA, we could see continuation to previous highs and 1.618 Fib extension. This would coincide with risk on sentiment returning to the markets and a weaker Dollar should Biden's stimulus package outweigh the rise of treasury bond yields.
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