NAS100 Sell

On weekly and daily the previous support has been broken. It has now become a resistance level. Therefore, we patiently waiting for the new resistance to be retested and thereafter enter a sell. There might be a retracement all the way to 12120 - 12130 range prior to entering a sell.

The short is also confirmed by the H&S pattern which is clearly visible on daily. Neckline to be retested.

Remember not to buy on a downtrend. Risky. Be patient. This week we looking for sells only.

Sell: 12120 - 12130 (range)
Take Profit: 11200