As expected Nas100 will end in a weekly high after hitting a nice fresh record due to TSMI stock among other things like Trump walking back on firing Jermone Powell.
Technicals tell me that this is extremely overbought and I wonder if this will continue I cannot believe this rally. AS LONG as it holds the 23100 to 23150 range then it could break out again and set another high but I would be cautiously optimistic. Somebody's got to take the profit!
Technicals tell me that this is extremely overbought and I wonder if this will continue I cannot believe this rally. AS LONG as it holds the 23100 to 23150 range then it could break out again and set another high but I would be cautiously optimistic. Somebody's got to take the profit!
Trade active
It retested the area of the number 1 zone at 837 to possibly push into the order block entry supply zone. However, the indices seem subdued, so it is a bit uncertain until the 9:30 muted open. It might be a good time to load the dip for continuation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.