The Daily is giving me mixed signals, so I'll just be watching from the sidelines until the coast is clear. It's closing bearish but the zone it is closing on is not in support of the sell continuations. but let's just see how tomorrow goes.
On the Daily, price continued with sells, ready to drop down to 28,200 price level. I'll be looking for entries to continue the sells during New York session.
On the 4hr, price is bound to 4hr bearish descending channel. Price reacted at the upper boundaries of the channel and met a resistance which drove price strongly down from 29445 to 29000. The sells is continuing today from the 29000 price level.
On 15mins, price is setting up for Buys. A double low formation at the 29000-price level will confirm the buys. It's a scalp buys because overall price is bearish this week.
NAS 100- Thursday Update Asian session is starting with buys, but with a very low volume. the low formed yesterday at the 29000 price level will likely not be sustained today, but I'll just watch and see.
On 4hrs price is consolidating at the 29123-price level which I'll expect it to act as a key resistance zone driving price down strongly later in the day. but a break above that level and price will sustain buys above it.
On 1hr, an Asian range is spotted, a breakout on either side of the range can detect price action for the next session and possibly throughout the day.
