Monday, February 13, 2017

Nasdaq 100 (update)

The Nasdaq 100 is currently trading in my 1st resistance zone of 5198-5306.  Price action is looking very strong so far and there's no real supporting clues at the moment to support a top.  There is still solid resistance levels working in this zone, but would need to see more evidence to call a potential top.  If prices break through 5306, then I see the next possible resistance zone ~ 5310-5415.  Let's first watch to see how prices continue to react below 5306.

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