NASDAQ weekly Projections

NAS 100- 1hr Entry confirmation

To go short on Nasdaq today, i'll wait to see a bearish candle break below 29,398 price level, and close below it. And then wait for price to retest the zone as a resistance with a bearish candle close, before executing the trade.

A break below that 29398, will also invalidate the 1hr bullish channel that price formed today.

Nas 100 is Bullish on 15mins. Without an invalidation of the bullish channel, and the 29400 price level, price will continue its rally to the upside.

150 is a strong pschological zone, because that was the Opening Market price of the Space X shares on Nasdaq. If price trades above it again, it will give investors confidence to keep holding and i'm quite sure those that missed the opening price must have bought at 145, which is the reason the buys is pumping from that price level.

Currently, Price is replicating this left volume on the Right side. completion of the pattern is when i'll expect the sells to kick in. a 15mins double top formation at the 29500-29550 price region, will indicate the completion of the pattern.

Cool

We wait then

Nas 100- 4hr Setup
Trend: Bearish

Technical outlook: Price has formed a bearish channel, and is trading within it. I'll be expecting sells, down to 29002 price level during NY session. failure to break below, will cause price to rally and invalidate the bearish channel.

Price has just pushing up all day. I'll see how tomorrow goes if it will use another pattern or still has interest on this one.