THE NASDAQ100 CHART ON A 4H TIMESCALE SIGNAL OF AN OVERSTRETCHED MOVEMENT TO THE UPSIDE WITHOUT ANY SUPPORT, MEANWHILE A CLEAR LONGER TERM DIVERGENCE SHOWS UP IN THE RSI OSCILLATOR, WHILE THE FISHER OSCILLATOR ALSO HINTS OUT TO A POSSIBLE DOUBLE TOP PATTERN. FOR WHAT REGARDS THE TECH INDEX NASDAQ100, THE CHART SHOWS A CONSISTENT GAP STRUCTURE IN THE MARKET OCCURRED OVER THE 13270<13400 RANGE, THAT COULD BE RETRACED.
IN A MULTIWEEK TIMESCALE, AS AN HYPOTHESIS, THE NASDAQ100 SHOULD RETRACE TO THE SENKOU A/B NUAGE SUPPORT, NDX 13000, BOUNCE ON SUPPORT TO THEN GENERATE A DEFINITIVE SELL SIGNAL AT 13600 TO THEN RETRACE NDX 12440, Q3 2020 HIGHS
