NASDAQ SHORT
We can see NAS push back up to retest the trendline that was broken, aswell hitting the resistance of 13750. I will be entering a short from there till around 12150, I will update when I take partials. NAS is in for a big correction the next couple of weeks. If we stay bullish we will see new ATH soon, but for now the signs are there for the short.
Trade active
Looks like NAS did not get that move to the upside like we though. I will be waiting for that break of the trendline and then sell on the retest. I am still bearish for a big move to the downside for some market correction. We could go lower than 12000.Apply correct risk management as we know NAS can just turn and the bulls can take over again.
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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.