ok we're getting a recovery rally, but be aware tomorrow they could sell down to create one more low which I would think would be a bear trap. I can't say it's THE "bottom" but we could be starting to make a bottoming pattern here. RSI needs a reset, watch NQ and tech especially for an outperformance rally if I'm correct.
Good luck!
Good luck!
Note
under 14150 on NQ overnight or tomorrow and we'll continue to sell.Note
edit - i think we touch the "yellow" trendline regardless - good luckNote
took a small short at the line, could be a black friday. tight stopsNote
looks like they are going to try hard to get over 14350 on nq but negative bearish divergences are building, one more attempt and failure should exhaust the bullsNote
if they get another high it will be to take out stops i think. The struggle is similar to a few days ago where they dropped down and then kept making little higher highs only to fail once stops were out.Note
they still don't look done at this battle line. I'm still thinking they ramp up to get above all the highs of today. Waiting with a small short, I will add if that happens. It's really getting ridiculous. Under 14300 and this will tank hard (NQ)this is what's forming on NQ, I still favor one more high but it could drop
Note
they are going to push it hard to convince bears to drop positions, just waitNote
last post till close, If wrong they keep pushing to over 14430 and I will lose. If correct it should sell down from here or maybe a wee bit higher. However, small time frame rsi is showing hidden bearish divergence and we are still forming lower highs. RSI on 30 minute is quite hot for a downtrend, so my logic tells me this is the peak. I will update later regardless if it's correct or not. GOod luck! Note
it could bounce to the high of the channel I meanNote
still pretty early, target on NQ looks like target may be 4100, not sure. With panic it can go under. Starting to look like this again. youtube.com/watch?v=RLySXTIBS3cNote
if the close is a waterfall down it may be the end of the downtrend. Anything less and I think more selling for a few days next week.Note
tech is actually still positive on the day, I doubt it makes a lower low like SPYRelated publications
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.