Hi everyone,
I'm out from NASDAQ since mid-October, had a feeling that too high pricing combined with issues to come (inflation, bubble areas) will hurt bad.
I'm not that experienced to post on IXIC or SPX, but I think I share what I was looking at when distancing from risky positions:
- 100 week MA
- 200 week MA
And a dozen more reasons, including fundamental ones, but I think the distance from the above 2 explains everything.
I'm watching their area as bottoming targets: if wee reach 100week before July, I'll keep watching for Target 2.
If we have a solid and longer bottoming at 100 week around or later than June, I might believe that Target 2 will not come.
Cheers, and happy dip buying if you have patience and self-control to wait,
Antonio
I'm out from NASDAQ since mid-October, had a feeling that too high pricing combined with issues to come (inflation, bubble areas) will hurt bad.
I'm not that experienced to post on IXIC or SPX, but I think I share what I was looking at when distancing from risky positions:
- 100 week MA
- 200 week MA
And a dozen more reasons, including fundamental ones, but I think the distance from the above 2 explains everything.
I'm watching their area as bottoming targets: if wee reach 100week before July, I'll keep watching for Target 2.
If we have a solid and longer bottoming at 100 week around or later than June, I might believe that Target 2 will not come.
Cheers, and happy dip buying if you have patience and self-control to wait,
Antonio
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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.