US Nas 100
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USNAS100 - STRONG SHORT TERM

Nasdaq stock futures traded lower on Wednesday and reached our target, as we mentioned.

Generally, the direction is downtrending

Downtrend Side: The NASDAQ index is presently trading under 19,200. Currently, the price is trying to break 19.000 and, under it, 18.905. Any breaking under these two levels by the 1H candle will be more bearish until 18.605.

Correction: Maybe the price touches the level of 19.000 or 18.95, then will rise to make a correction until 19.200.

Uptrend Side: The uptrending price will be confirmed when it crosses the zones of 19.810 and 19.615 by closing the 1D candle. Also, to reach this zone, the price should cross several levels, like a resistance of 19.200 by the closing of the 4H candle and 19.500 by the 1H candle.


Tendency Keys: 19.000 and 18.905
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