NQ1 heading to overbought, again; can break off anytime from Fib
Near/at the 0.786 with divergent MFI/RSI. Might be a Cup & Handle forming; if so, the Handle typically retraces half the right wall of Cup.
Likely to sell within a week IMO. Could double top before it breaks; don't bet the farm yet!
Not advice; trade at ur own risk: GLTA!
Likely to sell within a week IMO. Could double top before it breaks; don't bet the farm yet!
Not advice; trade at ur own risk: GLTA!
Note
Amazing RSI on 2H hit 96; exhaustion gap frenzy IMO, see post below !Note
NB: RUT slips back while NQ climbs, flip-flop pattern characteristic of the last pullbackTrade active
Looks like it might form a pinbar; hover Tues, slam Weds or Thurs IMOTrade active
In october puts 295, 294 strikes;look, short interest at ATH:
marketwatch.com/story/stock-market-bets-against-nasdaq-index-hit-decade-peak-11602615882?mod=mw_latestnews
Trade active
Closed out on big dig at noon Weds; look for a bounce to re-entry; holding TZA, SQQQ, SPXSTrade active
FRe-entered shorts EOD on the covering liftTrade active
Closed shorts on the gap; often the gap represents half the final selling move; theh Handle forms...Trade active
Closed the gap on DJI, SPX, close enough IMO: shorting EOD on the Hanging mANTrade closed manually
Shorted the gap and the rally , made out okay but no clear direction now; is this a B wave of ABC with more down left? Or starting up again? Monday... no position.Trade active
More fun Fading Gaps; IMO this index starts to look almost attractive... Handle formed off Cup; let's see about long on Tues IMONote
After 10/26 bselloff RSI and MFI STILL NOT oversold! Look for further declines to the next Fibo around 11200 IMO; BUY when RSI goes o/s!Trade closed manually
10/28-29 looking a lot like 9/23-24; if it plays same way, gonna bull IMO; no shorts, DJI and SPX forming bull wedges intraday. In cash until pivot confirms.
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Disclaimer
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.