Hi Traders,
We've got ourselves a monster position on the NAS100, right now I'm speculating a several month position to ride out.
However we could see even further lows if we do break through these prices.
Marked on the chart are a few important price points I'd like you to understand.
We will also consider the latest fundamental data, such as CPI, Unemployment claims, interest rate data and stock flow.
Why should we include this data?
It helps us as traders to make clear, strategic based speculations, strong guesses so to speak on the direction of movement. Using this data is crucial for any trader who is serious.
We can see the chart is also on the weekly time frame. I will continue to add to this idea while price is being monitored.
I'll look to add more ideas further down that relate directly to this setup, until proven wrong by Wall St...
We've got ourselves a monster position on the NAS100, right now I'm speculating a several month position to ride out.
However we could see even further lows if we do break through these prices.
Marked on the chart are a few important price points I'd like you to understand.
We will also consider the latest fundamental data, such as CPI, Unemployment claims, interest rate data and stock flow.
Why should we include this data?
It helps us as traders to make clear, strategic based speculations, strong guesses so to speak on the direction of movement. Using this data is crucial for any trader who is serious.
We can see the chart is also on the weekly time frame. I will continue to add to this idea while price is being monitored.
I'll look to add more ideas further down that relate directly to this setup, until proven wrong by Wall St...
Note
Market has began it's descent. We are awaiting each price point as it drops to validate our position more. There still is room to move it up or down depending on market condition.Note
We are still not bothered by the upside move. Remain on course.Note
Nothing's changed.
Note
We are still holding off for the position. We do speculate price will come back down, however, in the event it does not, we will re-analyse the chart.
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.
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.