The Nasdaq 100 is trading in fresh record territory, with one minor line of resistance standing in its way. While the top-side channel line isn’t seen as a big obstacle a pullback could be about to get underway. Shorting strength isn’t the preferred approach here, but rather managing any existing risk from the long-side.
Please see the video above for the full details…
Nasdaq 100 Daily Chart
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---Written by Paul Robinson, Market Analyst
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