NAS100 [US100] Daily Outlook | July 18

Long Term Outlook:

Looking at NAS100 Daily TF, the asset remains bearish until 12949.00 level is broken. I see a trend-line joining 13500, 12949 and 12175 indicating that price may yet see 11163 area with enough volume .


Short Term Outlook:

a. 1HR break and closure above 12120 zone could drive price to test 12305 and subsequently 12572 zones.

b. On the other hand, the break and closure of 1HR price bar below 12012 zone, we may yet see a dip down to 11777 zone with big emphasis around 11926.89 area


Let me know what you think in the comment section.

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