NAS100 Is Very Bearish! Short!

Dec 30, 2023

Take a look at our analysis for NAS100.

Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 16846.97.

Taking into consideration the structure & trend analysis, I believe that the market will reach 16604.39 level soon.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

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Jan 2, 2024

Note

Great beginning for a trade, let’s hope it goes further!