Friday 1 September 2017

NASDAQ-100 EQUAL WEIGHTED -Need support at top of cloud!

NASDAQ-100 EQUAL WEIGHTED - Rebounded from back end cloud support levels at 3202! Broke past cloud resistance, and now back above the cloud! Expect top end cloud level to be tested for support. Key support level now is 3278. Old highs are next key resistance levels at 3336!
Downside risk elevated because the front cloud indicates an early downtrend now starting to emerge.

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