Market Makers' Bias:
-Fund Managers are currently holding net selling positions and signaling a bearish divergence on the Weekly price chart.

The last time Fund Managers showed net buying positions with a bullish divergence, the market rallied for an entire week afterward; Now a bearish divergence

Additional Fundamental Bias:
-The Nasdaq appears overvalued relative to U.S. Treasury bonds, suggesting that tech stocks within the Nasdaq Index, such as #AAPL, #META, and #GOOG, may be similarly overvalued and likely to experience a downturn.

-We also have Price gaps, they normally act as a magnet to be filled.

Technical Analysis portion:
-We are just hit the weekly covered daily Supply zone, price could be ready for a bearish move now.
-Opposing gap zones and Demand zone can be your potential profit target.

OTHERS:
>Scalpers can ride the bullish trending week
>Long term traders can position for a Sell for next week or position a Long trade at Supply for a retest.

***As always, trade safe and make sure to do your due diligence when analyzing the charts.***

Let’s see how this plays out... 👀👀
Beyond Technical AnalysisFundamental AnalysisfundamentalanalsysisNASDAQ 100 CFDnasdaqnasdaqtradersupplyandemandzones

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