NASDAQ: Last uptrend signal expires tomorrow
アップデート済
Correlating to the other instruments I've analyzed, the NASDAQ is showing bearish signs in the form of multiple time at mode uptrend signals, that show smaller price targets, but equal or larger time targets, thus, implying a loss of momentum in the rally.
After tomorrow, the last uptrend time will have expired, implying it'll be probable to see a retracement or reversal of this rally.
Considering the bigger picture and the levels on chart, it'd be natural to expect a retracement in this zone, and the stop loss on chart offers an attractive reward to risk ratio (stops above 4630 if going short).
You could enter tomorrow on close to be safe, or enter now, that's up to you.
We have bearish RgMov signals, while cci has hit overbought and crossed below +100 again, after breaking a daily low yesterday.
Potential targets for the short would be a retest of the key earnings level at 4209 or a even new quarterly lows.
This would definitely shake out many longs, so it'd be worth monitoring the progress to flip long.
Good luck if taking this trade.
Cheers,
Ivan Labrie.
After tomorrow, the last uptrend time will have expired, implying it'll be probable to see a retracement or reversal of this rally.
Considering the bigger picture and the levels on chart, it'd be natural to expect a retracement in this zone, and the stop loss on chart offers an attractive reward to risk ratio (stops above 4630 if going short).
You could enter tomorrow on close to be safe, or enter now, that's up to you.
We have bearish RgMov signals, while cci has hit overbought and crossed below +100 again, after breaking a daily low yesterday.
Potential targets for the short would be a retest of the key earnings level at 4209 or a even new quarterly lows.
This would definitely shake out many longs, so it'd be worth monitoring the progress to flip long.
Good luck if taking this trade.
Cheers,
Ivan Labrie.
トレード稼働中
ノート
Amazing, look at the arrow I placed on chart...time for the uptrend ran out today, and today is a heavy down day!Let's see if we go towards my targets now.
ノート
Today's action is still bearish, if we get freshly baked lows next week we should be in for a smooth ride down.ノート
Finding some support on the back of rising crude.ノート
Looks really solid so far.トレード稼働中
ノート
On track for the proyected target.
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