NQ1! NAS100USD 2021 NOV 22 WEEK
Pullback to long again last week worked well for NAS. At the moment
chart indicates overbought.
Preference is to short on weakness given the below wekaness indications.
Weekly: Average volume up bar closing off high. A little more effort
compared to the up bar before it yet spread is narrrower than it =
Weakness expected
Daily: Average volume up bar closing near middle = weakness
H4: After ultra high volume bar A, market went up on narrow spreads,
together with B being a UHV bar on narrow spread indicates
professional selling = Weakness expected
16236 need to hold for uptrend to be intact.
17070 16695
16490 16303
16006 15896
15717 15503
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Have a profitable trading week ahead.
