Looking short
The potential bear flag did not form as price shot up and finished the week strong. The NNQ is now at the major breakdown level. While we expect volatility to continue it does need a rest. We like a move back down this week. We are still long term bearish on this market and will keep an eye on the watch zone. A break down of the level could send us to the most recent low For now we will look for a trigger short in the "Trigger Zone". NO TRIGGER, NO TRADE!
Related publications
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.