NASDAQ100

26 Mei 2021

NAS100 update, The market is still under a bullish momentum, as predicted over the weekend we did see a nice pull back from the market creating a Higher Low. From that High low the market had an impulsive move to form a new Higher high on current structure. Currently we are seeing an indecision move between bulls and bears as we tapped a very crucial key level in the market. The market has spent approximately 2 days and 4 Hours ranging within one level.a breakout of that level would really mean a shift/resumption in momentum from the market. it is possible to get a bearish move to create and test the previous HH which was created but if we fail to see that move,we should see a bullish candlestick breaking and closing above current structure. Normally a retest is what we look for when taking entries but a full bullish closing candlestick on 30 minutes should do.