NAS100 rejection off 14800 zone 88% level and 100SMA
NAS100 took a nice dive today plowing through zones and levels. we got a few nice reactions form a couple key areas but nothing substantial. Before daily close we pierced through the 88% level and tapped the 14800 zone and had a proper rejection. This was a very aggressive sell off and looking for a rebound headed into the fomc meeting where data will reveal the true direction. Expecting gyrating the rest of the week...Buy the dips sell the rallies follow your rules for reversal entry or continuation entries/holds/addons....Good trading.
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