IXIC/Nasdaq100 shorting opportunity
Updated
Here we have IXIC closing above Fib Guppy and Tenkan, showing strength and upward momentum to be expected.
there is a heavy resistance at 7.6k that if not broken will signal lower lows for the month--will will be a great short opportunity.
weekly close within or below fib guppy will signal downward continuation with Tenkan and kijun sitting at 7.3k and 6.9k as possible retested supports.
For now, Waiting for new weekly open will be advised.
AresTrade
there is a heavy resistance at 7.6k that if not broken will signal lower lows for the month--will will be a great short opportunity.
weekly close within or below fib guppy will signal downward continuation with Tenkan and kijun sitting at 7.3k and 6.9k as possible retested supports.
For now, Waiting for new weekly open will be advised.
AresTrade
Note
moving up short ladders to 7690 area as the confluence is tighter there.
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