Time to load the short positions
Look at MSFT, NVDA, FB, etc. They are all getting close to double topping and will lead the way for the next leg down soon. Price of the NASDAQ closed right on a resistance line and I'd like to think sell orders are lined up from here all the way to 9584 or so. The two arrows are the possibilities from here. If it falls, I think itll bounce on the first demand zone then retrace to make a small double top. If it continues, 9584 will form the double top.
Don't pay attention to the dates the arrows will fulfill the destinations. That was just my best guess. I will be going short with SQQQ.
I'm not a professional trader. I've been recently studying supply and demand zones and feel like we are near the pivot point. This is not trading advice, just an idea and one I'm going with.
Don't pay attention to the dates the arrows will fulfill the destinations. That was just my best guess. I will be going short with SQQQ.
I'm not a professional trader. I've been recently studying supply and demand zones and feel like we are near the pivot point. This is not trading advice, just an idea and one I'm going with.
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