Prices were subjected to a bear pressure after settling on the all-time high resistance zone . Without any follow-through, the US markets quietly recovered and reached the @7800.00 target for the second time. In fact, after the G20 meeting this weekend and the set of agreement resulting from it, the odds that NAS100 keeps a bullish momentum are high.
Possible targets: @7900.00 (+1300pips or 130points which is around the all-time high) and @8000.00 (+2400pips or 240points).
Advice: Stay bullish and buy at any low point while we don't break the 7600.00 bottom level.
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Prices entered the resistance zone. The bullish momentum is still present therefor we are eager to reach our first target @7900.00
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Our target is nearly reached. We have moved our stop losses to suitable levels just in case a reversal occurs.