(22/05/2020) Nasdaq 100 short idea

22 במאי 2020

With Friday's gap being filled, NAS100 has been struggling around the 9500 mark. With the FED trying to pump up the market with new bonds, zero-rate interest rates seemingly possible, trade war between China and the US, and vaccine race in play, there is a lot of uncertainty at the moment. Surprisingly, buyer speculators seem to dominate but will not hold. We can expect a push up to 9550 levels and a bearish movement back to the 9100s at least. There is a potential scalp trade on the 15min or 30min timeframe.