Nasdaq Bulls Might Be Restrained

Nasdaq or the US100 Index is very bullish. However, there is a consolidation at the bottom which might suggest a drop.

13518-13600 is the POC zone. It looks like the price might drop from the zone towards 13480.

A breakout below 13482 is needed for a momentum down towards 13379 and 13337. However, if the market breaks above 13600 we should see a bullish continuation move towards 13667 and 13778.

(Click on image to enlarge)


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