Short

Nasdaq Head and Shoulders attempt

By sniperfox2021

Updated

I am attempting to see if this pattern plays out, this is just a educated guess. Situation of Crisis in the U.S. and the incompetence of the U.S. Government propping markets up.

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"The VIX broke above 30 last week for the first time since the first quarter of 2021" - from Market Watch headline ‘Proceed with caution’: here’s what Wall Street analysts see for the U.S. stock market in 2022.

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Futures Contract /MNQ expires 8 days from now, Tastyworks. I wonder if people will take profit.

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I switched from the Nasdaq futures contract to the Dow contract where I feel comfortable in holding and sometimes there may be a delayed drop in the Nasdaq before it falls. Alot of War drums going on with Russia and China heating up. Will it spook the Market. CPI data in the morning too.

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I was expecting CPI to shred the market apart, I am expecting the head and shoulders to not work and for the Nasdaq reaching ATH. The DOW and S&P 500 charts look different and it leads for now.

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Took another short here on Nasdaq, Exited DOW from earlier since its still higher and chance of me gaining for the day on Nasdaq twitter.com/sniperfox2021/status/1470211820900302853

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Out from Nasdaq and profit for today, waiting to see if we bounce for the early morning

sniperfox2021

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