Trade the Nasdaq 100 Index with Unum Capital
Price Action Model Reading
AI-Assisted Interpretation of Model Reading:
Short-Term (1 to 10 Trading Days):
Trend: Aggressive Buying
Action: Do not chase overshoot or failure to hold prior session range highs. Short-sell back to the 8-EMA.
Medium-Term (2 to 4 Weeks):
Trend: Attempting to Advance While in a Bullish Regime
Action: If it pulls back, use the prior session close or 8-EMA as an accumulation zone.
Long-Term (5 to 8 Weeks):
Trend: Buyers in Control but Weakness on Lower Time Frame
Action: Look for pullback to 8 or 21-EMA (buy range) before next move higher.
Overall: The image suggests a bullish bias across all time frames, with the short-term indicating aggressive buying and the long-term showing a strong control by buyers. The medium-term is seen as attempting to advance within a bullish regime.
Daily Price Chart with Moving Average Trends and Candle Structure
Technical Trend rating For 3x Time Frames:
Lester Davids
Analyst: Unum Capital
Comments