We have a short term asending trend and a long term downtrend in the NASDAQ. These two trends (indicated by the green lines) are set to cross over in the coming days - with this week's earnings reports, news from the Fed, and GDP figures, we're very likely to see a crunch point in the next few days. I'm bearish, shorting the QQQ.
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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.