Nas100 is still above MA 50-day, indicating a bullish trend. Even so, the price is currently held at the resistance 15181.

RSI indicator showing bearish divergence. If the Nas100 fail to break the resistance at 15181, it will may be corrected to test the support at 14784, which also confluence with the support MA 50-day.

Short Term : Short @resistance 15181, stop loss 15200, target 14785.

For the medium term, trend is still bullish as long as hold above 14785

Nas100: Potentially Short Term Correction

Aug 17 2021