Forexintelligence_NA

Nas100 bearish outlook and NFP expectation

Short
FX:NAS100   US 100 Cash CFD
Traders, due to the tension between Russia and Ukraine the stock market was left volatile the past days and without clear indication as to where it is heading. But looking at the technical aspect of Nas100 we can only tell that it is in a strong bearish momentum and bulls are finding it hard to push price further high. Price dropped at around 14400 and we see it again trading within the falling channel. My expectations in few minutes during NFP are to see price rolling down and perhaps bears pushing price lower targeting 13200 or at least 13000 if possible.

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