NQ1! NAS100 NASDAQ 2023 Mar 20 WEEK
NQ1! NAS100 NASDAQ 2023 Mar 20 WEEK
The daily Ultra Lo Volume down bar and support at 11930
provided good meat for week of 13 March.
Market finally broke through 12418 and is near supply zone
12810-12950. Let's see how price reacts to this level.
Possible scenarios:
1) Possible formation of rotation 12950-11930 =
trade at boundary of zone
2) Long on retracement
3) False break of 12950 for short
Volume Analysis:
Weekly = High vol up bar close off high = minor weakness
Daily: Ave volume S>D bar into an area of previous resistance
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14361 13587 12950
12950 11930
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Have a profitable trading week ahead.
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