From TradingView · · 30s
Nasdaq 100 clears old sell zone
Nasdaq 100 rebound breaks key support level for short sellers.
In brief
Nasdaq 100 rebound breaks key support level for short sellers. Nasdaq 100 price moved above 29,928.31, clearing the old sell zone that supported short positions. Originally reported by TradingView.
Nasdaq 100 rebound
The Nasdaq 100 has moved above the rebound zone without confirming a reversal.
Old sell zone cleared
This zone no longer supports the old short setup below 29,928.31.
Next support level
Support around 28,700, 28,800 comes first before July’s 27,176 low.
The main idea
Nasdaq 100 price moved above 29,928.31, clearing the old sell zone that supported short positions.
