Tech Momentum: NAS100 Buying Potential
$NASDAQ(.IXIC)$ $Nasdaq100 Bull 3X ETF(TQQQ)$ $Nasdaq100 Bear 3X ETF(SQQQ)$ $Invesco QQQ Trust-ETF(QQQ)$ $NASDAQ 100(NDX)$
Our attention is directed towards NAS100 as we actively monitor a potential buying opportunity around the 16900 zone. The NASDAQ, emblematic of technological prowess, is currently navigating an uptrend, signaling a sustained upward trajectory.
Simultaneously, the index is undergoing a correction phase, gradually converging towards the trend at the critical 16900 support and resistance area. This numerical level holds significance as both a historical support point and a pivotal juncture where the correction may intersect with substantial market forces.
Our strategic approach involves a meticulous assessment of optimal entry points within the identified 16900 zone, aligning our trading decisions with the ongoing uptrend and the potential market dynamics at the crucial support and resistance area. As always, it's crucial to trade with caution and adhere to risk management strategies. Trade safe, Traders.
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