LONG POSITION

Nasdaq 100 futures may be vulnerable to near-term losses after the index appeared to confirm a breakout under a bearish Double Top chart formation on the 4-hour chart. The neckline was taken out at 14725, exposing the 100-period Simple Moving Average (SMA). Immediate support appears to be the 38.2% Fibonacci retracement at 14380. Further losses may open the door to extending
downward towards the March low.




Nas100 potential long opportunity