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Nas100 Long
The NAS100 daily candlesticks are trading in their bullish channel between the upper blue and red bands. Yesterday's candle has a lower shadow, connoting buying off the lows.
The hourly chart also showing signs of strength. The trend-following EMAs have crossed up, and it looks as if the momentum-based stochastic is about to follow suit (black ellipses). If it crosses, then a move to the upper quintile (blue arrow) suggests an underlying upwards momentum may be setting in.
The hourly chart also showing signs of strength. The trend-following EMAs have crossed up, and it looks as if the momentum-based stochastic is about to follow suit (black ellipses). If it crosses, then a move to the upper quintile (blue arrow) suggests an underlying upwards momentum may be setting in.
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