US Nas 100
Short

07/12/2020 #NDX Up But Downside Risk Exist

94
Based on my system, trend (Daily/Weekly/Monthly): Up/Up/Up

Price is over-extended, similar to #SPX. Expect a pullback, before further up.

Bullish only above 12557, targeting 12586, 12635 and 12669 should cap high of day, if there is no news.

Below 12531, looking to short, target 12501, 12461-63 (strong support). If it breaks, looks for further downside to 12413, 12375-83 and 12355. 12271 should cap low of day. If you just want 1 low risk buy level for going long, 12355 should be a good price to.

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.