NASDAQ stuck in a range

27 thg 7, 2021

NAS100 has been in a range from yesterday. Looking at the daily timeframe, if you take the fib from the low on the 8th July to the high on the 14th of July, you'll notice price hit the -0.272 target from which we've got this range. My bias is a sell although with such a vital week news wise coupled with earnings it can go either way. If it break to the downside the ideally it should come to the 38.2% fib level. If it breaks to the upside then it could go to the -0.618 from the aforementioned daily fib.

Any feedback is greatly appreciated.

Stay reactive and enjoy!