1M bear div, confirms on obv osc, rsi, but not macd. Fed is pumping everything so may continue, but this is a major sign of weakness. R/R is solid, high probability of a trend reversal up here.. I will be shorting on a retest of broken support to reduce risk..
Decent probability of a second wave.
Id say 50/50 chance NQ dumps.. No htf bear divs on ES and above daily 200 but monthly still could make a lower high. Lets see!
Decent probability of a second wave.
Id say 50/50 chance NQ dumps.. No htf bear divs on ES and above daily 200 but monthly still could make a lower high. Lets see!
Note
Risk management is everything, NQ has just been ripping. This is why we only short a breakdown and retest of support, or if you want to run a naked short at least hedge with callsTrade active
Another 1M bear div on NQ has formed, let's see if this time it actually pulls back. I won't be shorting but am watching closely
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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.