FadeMeIfYouCan

16/11/2020 #NDX At inflection point

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OANDA:NAS100USD   US Nas 100
Gap up (very small) and rallied to 12060 level which I talked about in my tweet yesterday together with #SPX at 3614. Price is consolidating, definitely favoring a continuation but it is my important level to watch for today thus I have been taking shorts instead.

As you can see 12060 is capping the move now. Maybe we will only see a move when Europe opens (that will be long isn't it). Looking for a move down to 12006, 11960. If 11908, be cautiously bearish for a move down to 11850-56, 11758. 11706 should cap low of day.

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