New high for NAS again, and on low volume. Keep stops tight.
Weekly chart: Price advanced on low volume Daily chart: Wide spread bar up H4: Last bar closed off low indicating presence of supply.
Strategy: 1) Long if price supported at bottom of channel or price reaction zones marked out. 2) Long if there is wide spread bar down on high volume and price supported at the close level of the bar. 3) Short if price retest current high and is rejected. 4) Short if price makes new high and close off the high, and that bar becomes the resistance
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