maberl

US100 on resistance

US100 is currently on strong resistance the bearish divergence in Volume and the hanging man candle shows that coming week may be a good retracement week giving good short opportunities untill we get to 12200-12300 range which is 0.5-0.618 retracement area, indicated as the Buy zone. Once there US100 will be all set for its bull trend supposedly breaking resistance and going beyond 13000 all the way upto 13200 in April.

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