Long
NASDAQ LONG
NAS100 –
I have got two plans for the Nasdaq:
Plan A – Price hits the Monthly Pivot point and price go lower into one of these interaction levels. Seasonally price does make a low before the Rally so we may see this happen in price.
Plan B – Price cycles above the monthly pivot and continues higher in-line with the seasonal rally.
Both scenarios I am Bullish NAS100 however it is the way we start the rally; commercials have re-entered the markets increasing their Long orders and Non-commercials increasing long orders by 10% and cutting shorts by 6%.
I have got two plans for the Nasdaq:
Plan A – Price hits the Monthly Pivot point and price go lower into one of these interaction levels. Seasonally price does make a low before the Rally so we may see this happen in price.
Plan B – Price cycles above the monthly pivot and continues higher in-line with the seasonal rally.
Both scenarios I am Bullish NAS100 however it is the way we start the rally; commercials have re-entered the markets increasing their Long orders and Non-commercials increasing long orders by 10% and cutting shorts by 6%.
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