Nasdaq-100 Index (#US100) Ready For Breakout
⚠️Nasdaq Index is caught between 2 strong constructions.
Relying on the response to the underlined areas, I see 2 potential eventualities.
1 – Bullish
If the value breaks and closes above 12700 – 12900 provide cluster on a each day,
I’ll count on a bullish motion at the least to 13130
2 – Bearish
If the value drops and closes beneath 12300 – 12500 demand space on a each day,
I’ll count on a selloff to 11900
Await a breakout, it can present us the longer term path of the market.
For Further affirmation use: Breakout Indicator
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