Its a sad day for the Nasdaq
Hello,
I and my team have been shorting the nasdaq since 11270 with a Stop loss of 11550. From the weekly time frame. Observe the rejection on the weekly of the downward trendline to keep Nas in line with the parallel channel. Also, the Weekly MACD is crossing down as well. This is still a fresh macd sell signal. In addition, my weekly 50,100, and 200 day emas are coming in line towards what I call a pinch of death formation. This occurs when the 50 and 200 cross and pull the 100 over as well as the 4 day ema. The Nasdaq market targets I have set from here are at: 10600, 10430, 10318, 10160, 9950, 9810, and 9620. From this entry the best SL is currently 10930 (hourly wick) ---or 11130- daily/weekly wick.
Entry- now SL 10930-11130.
TPs:
10600, 10430, 10318, 10160, 9950, 9810, 9620
Enjoy and I hope this helps.
I and my team have been shorting the nasdaq since 11270 with a Stop loss of 11550. From the weekly time frame. Observe the rejection on the weekly of the downward trendline to keep Nas in line with the parallel channel. Also, the Weekly MACD is crossing down as well. This is still a fresh macd sell signal. In addition, my weekly 50,100, and 200 day emas are coming in line towards what I call a pinch of death formation. This occurs when the 50 and 200 cross and pull the 100 over as well as the 4 day ema. The Nasdaq market targets I have set from here are at: 10600, 10430, 10318, 10160, 9950, 9810, and 9620. From this entry the best SL is currently 10930 (hourly wick) ---or 11130- daily/weekly wick.
Entry- now SL 10930-11130.
TPs:
10600, 10430, 10318, 10160, 9950, 9810, 9620
Enjoy and I hope this helps.
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