Although on the 4-hour chart the Nasdaq 100 index is moving in a Sideways ranging condition, the appearance of convergence between the #NDX price movement and the Awesome Oscillator indicator gives an indication that in the near future there will be a strengthening where #NDX has the potential to appreciate up to the level of 21741.3 if this level is successfully broken and closes above it, then #NDX will continue to strengthen again to 21894.6, but if on its way to these targets suddenly #NDX is corrected to weaken down, especially if it broken and closes below the level of 20998.6, then all the strengthening scenarios that have been described previously will be invalid.
(Disclaimer)
