Yesterday I gave 2 sell limits (tradingview.com/chart/NAS100USD/OhjAu11s-23102023-NDX/). I would say that the bulls probably won it but the 14760 short level still worked well as it hit and market pulled back over 100 points.
Overall, price action looks bullish, with what looked like a reversal candle on daily. Price, however, is still below the DBZ, thus need to be nimble on longs. However, IMO bond yields seemed to have topped (for now at least), thus we could get another leg up. Ideally, we want market to make a higher low (thus not discounting a possible down move first). No longs below PZ 14584, but if price dip to 14464 level, look for a possible bounce and that could bring price back up. Overall, looking for a long to 14776 and 14864, with a max upside of 14942.
Overall, price action looks bullish, with what looked like a reversal candle on daily. Price, however, is still below the DBZ, thus need to be nimble on longs. However, IMO bond yields seemed to have topped (for now at least), thus we could get another leg up. Ideally, we want market to make a higher low (thus not discounting a possible down move first). No longs below PZ 14584, but if price dip to 14464 level, look for a possible bounce and that could bring price back up. Overall, looking for a long to 14776 and 14864, with a max upside of 14942.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
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.