NAS100 Finally Reverses? 10.11.2013

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NAS100 Finally Reverses? 10.11.2013 by BDSwiss_Academy on

It is probable that it is the time for a retracement after a long way up.

The index has been on the uptrend for sometime. Since the price reversed and crossed the 30-period MA on its way down it signals that an end of the uptrend has taken place.

That does not mean however the start of a retracement to the 61.8% just yet. The price needs to break down important support at near 15150.


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