NASDAQ100

٢٣ مايو ٢٠٢١

Nasdaq has been sinking for the past few days which was an absorption move for the bullish momentum we saw early March, throughout April. The overall trend is bullish, the market did test the 61.8% Fib level if you drag it from HL to HH. after testing the golden level we saw a nice double bottom (Failure to form new LL)/ trend line violated and a push to the upside breaking the neck line + previous LH. The market closed off the week with a bearish move testing the neckline *possibly* but a further extension of a sell is expected to the marked levels before the impulsive move to break the all time high or weekly level. I anticipate a strong buying pressure for this week on Nas100.