The Nasdaq 100 index is approaching the peak of its ascending wedge formation, yet price action keeps defending both resistance and support levels. This setup suggests something's brewing beneath the surface. Once options expiration hits, expect volatility to spike. The tension between buyers and sellers intensifying near these key levels could trigger sharp moves—either way, traders should stay alert for significant price action soon.
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SilentObserver
· 2h ago
Alright, it's that old routine of wedge breakouts again. All the fancy talk is just waiting for the moment when options settle.
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BetterLuckyThanSmart
· 4h ago
The NASDAQ's wedge consolidation this time has been really tight. Will it explode on options expiration day or not?
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NotSatoshi
· 01-13 19:17
Well, this wedge-shaped resistance is about to break, and by the time options expiration comes, it might explode.
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GasWaster
· 01-13 19:09
Wait a minute, is Wedge going to explode? I think this is another wolf coming, I've said this many times before.
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GasFeeBarbecue
· 01-13 19:06
It's the same old trick again, waiting for the wedge to form before expecting a breakout, and having to watch it closely before options expiration.
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ContractSurrender
· 01-13 19:04
The Nasdaq's wedge pattern this time really has me on edge, just waiting for the options expiration moment.
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SolidityJester
· 01-13 18:56
Is this the kind of market where they hold back big moves again? The wedge upper boundary has been tested but not broken... Do we really have to wait until options expiration day to see the show?
The Nasdaq 100 index is approaching the peak of its ascending wedge formation, yet price action keeps defending both resistance and support levels. This setup suggests something's brewing beneath the surface. Once options expiration hits, expect volatility to spike. The tension between buyers and sellers intensifying near these key levels could trigger sharp moves—either way, traders should stay alert for significant price action soon.