NAS100 Charts A higher Peak

Russell Shor, CFTe, MFTA FXCM

The below is the daily chart of the NAS100. Yesterday’s candle closed above Monday’s high (green horizontal). This confirms the higher trough scenario. Moreover, today’s price action has charted a higher peak, which signals that an uptrend is in place for the NAS100. We also note that the RSI(9) is above 50 and indicative of an underlying bullish momentum (blue rectangle). Thus, risk sentiment is certainly tending toward the risk seeking side at this stage.

Author

Russell Shor, CFTe, MFTA

FXCM

Russell Shor (MSTA, CFTe, MFTA) has an Honours Degree in Economics from the University of South Africa and holds the coveted Certified Financial Technician and Master of Financial Technical Analysis qualifications from the Interna

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