This article was posted on Friday, 17:24, UTC.
NASDAQ 100: Short-Term Sell NASDAQ 100 Futures, 4-Hour Chart Analysis The tech benchmark lost its relative strength in Wednesday’s sharp decline, and it bounced back today to the short-term resistance level near 5675. This gives a good opportunity to play another declining leg lower after the break of the advancing short-term trend. The possible move lower will likely test the key support zone near 5470. The re-test of the all-time highs near 5720 could be setting up a double top pattern that might give a long-term sell signal if the internal weakness in the US markets continues. The MACD…
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Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.