Updated

Nasdaq re-short update - wait for moving average convergence

Instead of waiting for the full retracement to the green line, I believe now that we will chop until the red and yellow moving averages converge (aligning our trade idea with the time til FOMC decision). I recommend not entering any trades until this convergence.

Trade closed manually

Looks like our short case failed.

Trade active

I may have jumped the gun with that last update... The candle breakout was false and our short play is still in tact.

Note

Price is bouncing downwards... very possible we can revisit February lows.

Note

Expect to chop until tmrw before further drop. Protect your profits with stops.

liquidity8

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liquidity8