Technical cheat sheet: getting technical with the tech-heavy Nasdaq 100
Diving into the tech-laden Nasdaq 100 (US Tech 100 on IG’s trading platform), our latest Technical cheat sheet unravels the intricacies.
The scene is set with a bullish technical outlook, albeit with a tad hesitant follow-through. We craft strategies for the dual possibilities—whether the current sentiment sustains or stumbles, and even under an altered market vista. The chasm of trader divergence is expanding, with retail traders deepening their short positions into a pronounced sell-off, while Commitment of Traders (CoT) speculators adopt a modest buying stance, elevating their game a notch or two.
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