Here I'm trying to change things up with a smaller timeframe (15min) analysis because the daily is nice but how does one trade that? Well here you have it. What is on the chart? 1) Yesterday's session low, aka sellside liquidity, that hasn't yet been taken out which gives us a juicy target for the day. 2) Yesterday's consolidation that gave the upper hand to...
My estimate is Nasdaq gonna be a little stead soon. Actually, We ride on the bull market, but it's seem overheat right now. I prefer to open short position with short term trading. Position : Short position Open at : 14700 TP : 14500, 14300 SL : Above 14750 Risk : Reward = 50 pips : 200 pips Happy Monday night all guys
Some more of my ramblings. Clearly a lot of options. Most importantly, I expect more down before a small bounce, then earnings are really going to drive it all (duh). Major increase in Coronavrius cases are still a massive wild card for the S&P 500, I doubt as much for NASDAQ.