NAS100 l DAILY l OUTLOOK
DAILY TAKEAWAYS:
On Friday we saw a break through downtrend trendline. NAS100 broke back into major zone 12200 - 12450. But once again rejected off BOS area.
What we see / need to see:
1. NAS100 is still overall bearish and needs to break above 200 EMA.
2. NAS100 formed solid prices action support off bottom of major zone 12200 (Circled).
3. NAS100 need to break through BOS 12550 and form a higher low.
On Friday we saw a break through downtrend trendline. NAS100 broke back into major zone 12200 - 12450. But once again rejected off BOS area.
What we see / need to see:
1. NAS100 is still overall bearish and needs to break above 200 EMA.
2. NAS100 formed solid prices action support off bottom of major zone 12200 (Circled).
3. NAS100 need to break through BOS 12550 and form a higher low.
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