VantageMarkets

Tech selling today?

Corto
VANTAGE:NAS100   CFD US 100 Cash
NASDAQ

Intraday - We look to Sell at 12850 (stop at 13035)

Buying pressure from 12410 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.

Our profit targets will be 12325 and 11490

Resistance: 12935 / 13380 / 13830
Support: 12380 / 11490 / 10675

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