US100, PULLBACK OR BREAKOUT?

Hello fellow traders and investors, here's another idea.

US100 or the Nasdaq Index has recently formed a resistance and many people do not pay attention to these very helpful indexes that help you forecast where to reduce your position size or when to buy more. A lot of people don't have a lot of money to buy in when the market has a pullback, which is unfortunate because you have the resources to forecast a potential pullback area. This idea is to warn you that we are at a common resistance and the Nasdaq tends to pullback around this area so beware and make sure to have enough money to buy in if it pulls back.

I hope you enjoyed this very quick analysis and many more to come.
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Thanks.