US100 Continued growth
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I would also be glad to see your comments under the idea, what do you think about this?
It's on many traders minds, why are Sellers allowing bullish momentum to the upside with minimal volume and volatility, could these contractions be the driven force behind a breakout to the downside? Lets see how this plays out. Avoid the noise of news through this week, as we identified a pattern of manipulation to distort retail traders approach in taking entry...
07/20/2020 NEWS FOR NASDAQ
- Trump halts stimulus, stocks fall drastically which represents that the market is heavily dependent on a stimulus.
- Trump immediately counter acts his tweet to a much lower stimulus. Why? Well because he is heavily dependent on the success of the markets - I assume he tried to repair the damage of the stocks after the the sell off...
NASDAQ 100 is in a downtrend we may see rejection for short at 11200
Possible next move is to 10668 to 10313
Breakout at level 11300 may take it to 11776
Resistance Levels: 11200, 11354, 11564, 11776
Support Levels: 11090, 10885, 10668, 10313
Let's watch...
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APPLE AND THE SELL OFF RALLY WILL TAKE US TO 10300, WAIT FOR VALIDATION AND THESE SAFE ZONES PRIOR TO SELLING AS THERE ARE SOME FUNDAMENTALS THAT COULD SPIKE US UP TO 11150.
NASDAQ SETUP - I don’t see any fundamentals that should drive nasdaq down besides fear in the market from the sell off, covid cases, no vaccine and no news on stimulus. These have been constant fundamentals since the bull market so unless fear strikes again I’m looking at this buy setup.
