NAS100 UPDATE - Severe Divergence
20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends: (Away from charts)
It will be prudent to give your mind, body and soul a good rest, to recharge for the new upcoming exciting year!
How I see it:
Keep in mind NASDAQ is seriously diverted on all Time Frames!
"BAKED IN" Rate Cut Bets = Institutions Maximizing Profits
Strong bullish price action with no selling resistance
Bull Imbalances all the way!
How far can bulls drive it up, who knows?
All I know for a fact is that Nasdaq is in "SEVERE" overbought territory!
Keynote!
The 1HR TF gives me the best view of only the tip
of the iceberg of the scale of the 1st divergence level.
Please examine your RSI on all TF's, from 1Hour - 1Month closely
I deeply appreciate you taking the time to study my analysis and point of view.
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends: (Away from charts)
It will be prudent to give your mind, body and soul a good rest, to recharge for the new upcoming exciting year!
How I see it:
Keep in mind NASDAQ is seriously diverted on all Time Frames!
"BAKED IN" Rate Cut Bets = Institutions Maximizing Profits
Strong bullish price action with no selling resistance
Bull Imbalances all the way!
How far can bulls drive it up, who knows?
All I know for a fact is that Nasdaq is in "SEVERE" overbought territory!
Keynote!
The 1HR TF gives me the best view of only the tip
of the iceberg of the scale of the 1st divergence level.
Please examine your RSI on all TF's, from 1Hour - 1Month closely
I deeply appreciate you taking the time to study my analysis and point of view.
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