NASDAQ100 Simple Chart Analysis

Looks like this double top indicator at 11678 might revisit 9761 support if the previous technical rebound low 10427 area broke. If that was the case, let's see if that will happen.

My market outlook

Investor felt hopeless on FOMC event as none of their speech projecting anything about cut rates. Its decision maintain to continue hike but in a slow mode. This is just like a half life fish struggling in an almost dry pond hoping a heavy rain to pour but ended up a few drop just enough for breathing 😵‍💫. Likewise from a chart perspective, every technical rebound resulted a decline further without a reversal indication at all. This means all the hope we have now is the coming Nov 10th CPI Data which is next Thursday. That's the reason why we had been guiding conservative trader to wait for a good data only to take part in the market. Else whatever trade we execute will end up losses or wipe out instantly without warning. Let's continue to monitor the chart as below.