- Nasdaq 100 futures is trading near an important resistance line.
- RSI is also approaching 62 levels from were correction started in the recent past.
- One should wait for one or two negative candles to appear for going short with a small stop loss. Here risk reward ratio is favouring a short sell.
- If a breakout happens RSI should also go above 62 which can take the index above 1950 atleast.
- ASCENDING TRIANGLE OF S&P 500
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