Nadaq 100 Index: NAS100 Next Buy and Sell Points
The last 3 declines on Nasadq were 339, 357 and 345 points.
This one is now 354 points, so far - par for the course.
Nasdaq is now flipping within the boundaries of the two fixed
lines of support at 6696 (spiking below here by 20
points to 6676) and resistance at 6786 (spiking above here by
19 points to 6807). It's therefore near term neutral whilst
within this range.
It has to fall below 6670 to trigger a short back to 6614. This
level must hold up throughout this week. Any failure here will
trigger a second short back to 6371 minimum and more likely
to the 6231-6192 range. On the upside a move and hold above
6810 is needed to trigger a long to 6876-6890 where will look
to close out if touched and then maybe reverse short with
stops above 6910.
So far this is a short, fast decline which matches the size of
the last 3 - but the shape of this one doesn't suggest
continuation as the others did. It's too sharp, suggesting it
may well have further downside to run. Breaking lower to
6614 will become the biggest decline for 2 years - and signal
that once broken the Nasdaq will test 6371 before it becomes
a buy again from here.
The last 3 declines on Nasadq were 339, 357 and 345 points.
This one is now 354 points, so far - par for the course.
Nasdaq is now flipping within the boundaries of the two fixed
lines of support at 6696 (spiking below here by 20
points to 6676) and resistance at 6786 (spiking above here by
19 points to 6807). It's therefore near term neutral whilst
within this range.
It has to fall below 6670 to trigger a short back to 6614. This
level must hold up throughout this week. Any failure here will
trigger a second short back to 6371 minimum and more likely
to the 6231-6192 range. On the upside a move and hold above
6810 is needed to trigger a long to 6876-6890 where will look
to close out if touched and then maybe reverse short with
stops above 6910.
So far this is a short, fast decline which matches the size of
the last 3 - but the shape of this one doesn't suggest
continuation as the others did. It's too sharp, suggesting it
may well have further downside to run. Breaking lower to
6614 will become the biggest decline for 2 years - and signal
that once broken the Nasdaq will test 6371 before it becomes
a buy again from here.
コメント:
make that stop 20 points below the low of the day
Somke may consider reversing long on dips with stops 10 points below th elow of the day