Nasdaq 100

The Nasdaq 100 also try to rally but struggled at the highs and turned around to form a shooting star. The shooting star is, of course, one of the was negative candlesticks we conform and the fact that we are at an all-time high suggests that we need to pull back a bit. The uptrend line underneath should continue to be important as well though, so I think that the buyers will return rather quickly. I think a short-term pullback makes a lot of sense, as we try to build up the necessary momentum to go higher. Remember, even if the US/Canada situation has been settled, the reality is that we still have to worry about the trade war and a multitude of other things such as interest rates rising over time. Because of this, it makes sense that we will go straight up.