US Tech 100 Cash ($100)US Tech 100 Cash ($100)US Tech 100 Cash ($100)

US Tech 100 Cash ($100)

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US Tech 100 Cash ($100) forum




USTEC hi guys))
My short will be still open and I would like to see the price reaction from 22950/20955
And after the huge long lower wick of today candle, and the upper higher wick of the day before (technically)
And after the rumor of Trump and Powell of today and the Israeli strick on Syria and the hot yearly CPI (fundamentally)
Will be not wise to not think in shorting that index especially after the massive push which happened on Nvidia in the past days!

And with the presence of the so many gaps at the downside!

I think the market maker himself will laugh if I would open a swing long trade!
So I am on my short trade and I trust my analysis as always!!

Think with me, in the time of the huge push to the upside on Nvidia itself, the index could not end higher from 04.07

Another observation: today candle is not an ideal hanging man as long the small body is not higher than the high of the previous candles I know. But still its body is above the real bodies of all daily candles in ATH area, so it can give me alarm of a trend shift before the indicators show that to some traders!

We are in a big consolidation area from the date I opened my trade on 04.07 with the top of it are: bearish piercing pattern plus bearish engulfing pattern plus a real doji with huge upper wick plus a hanging man with massive lower wick!!!

So I will take my chances based on the above

US100 QQQ

You can also clearly see the frame of the "mother candle" that is controlling the range (CRT) 😈+⚡️

US100 QQQ

On the daily chart, You will notice algorithmic (high frequency trading pattern) tendency to not allow price to close within the boundary of previous bearish candles that were closed above. Most people don't notice this type of behaviour 🧠
Snapshot

US100 QQQ

It hit the 90% retracement mark was steep but it could not close below the golden zone signifying that we are still very much bullish in the macro trend

NAS100 patiently waiting for bulls to give me some clarity on where this “Top” is and then sell with good SL and TP as past lower levels/ demand zones. So yeah set my alarms just to see where market going for the rest of the day.

US100 I didn't look at charts today but all of my markups are from yesterday and were still valid.

Yesterday evening we were hoping for a fib golden zone visit to go long from. Exactly what we got today 🔑

It's dropped so far that the long didn't have a chance to expand on the session. Usually will happens when the longs reach over 100 pips profit and hit the relative high which was where it dropped from this morning 🎯
Snapshot