Looking for NAS100 shortside
I believe we are in clear "overbought" territory. I really hate that term but it does have some merit. I like the 16000 area to the short side. Just recently had a new high, 18k is approaching; lots of reasons for a pullback here. I will start accumulating positions now for the move
Trade active
Dont be a fool here, take a little off the top and set yourself into a positive stop. We always have a chance of another small 2 wave substructure up before the fall we are looking for. Never leave pips on the table. Even if its 1 measly little pip.Note
Absolutely loving the action. Have added a short scaled position. Will close all at 16400Note
I have several divergences on the daily now. It is only a matter of time. Election year markets can be a bit...ahem. If you know you know. A beautiful instrument to scale will be thinking about a 3rd an final position soon, obviously wont force anything.
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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.