NAS100 Will Go Down! Sell!

Please, check our technical outlook for NAS100.

Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The price is testing a key resistance 21,208.3.

Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 19,875.4 level.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

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