NAS100: Riding the Overextended Move (2 Scenarios)

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NAS100: Riding the Overextended Move (2 Scenarios)NAS100BLACKBULL:NAS100TradingNutComThe Nasdaq is trading significantly high in its current move—certainly not the "perfect" entry, but there is still meat on the bone if played with discipline. We are looking at two pull-back plays to join the trend: The Aggressive Retest: A quick pullback to the recently broken trendline. This is a "touch-and-go" trade looking for a push higher with a fixed 1:2 Risk/Reward ratio. The Deep Correction: This version expects a wider retracement into the levels of that previous long leg up. We’re looking for a more significant discount before targeting the recent swing highs. Trading Plan: We aren't chasing the top here. We are waiting for the market to come to us. If Scenario A fails, Scenario B offers a much higher probability "value" entry.