NAS 100 continues higher but momentum lags.
NAS 100 hit my target zone from my Monday chart. Price is continuing higher during the overnight session has broken out of the wedge formation. The 1.618 is probably acting as a magnet right now, but the divergence in momentum makes me cautious.. With this in mind I will continue to trim positions quickly and reduce my size especially with long options. When price gets stretched like this its always better to use equity or sell premium. See previous chart.
Komentarz:
Opening up right at the 1.618 fib extension.
Komentarz:
Take note.
