NDX Multiple Bearish Structures
Updated
There is evidence (which I will not get into all of them here) to suggest Feb was a top in NDX. One piece of evidence is the bigger
Head and Shoulder structures at a top are usually a reversal pattern as bulls and bears fight it out. Multiple heads and shoulders
(as seen in the chart) increase the likelihood that the bigger structure is valid and a top is in. Tops can never be known prior so
there is still a lot of work that needs to be done.
I initially posted the H&S back on March 3rd. Since then, the structure has morphed into a bigger H&S and created another
mini one within it.
see chart below.
Head and Shoulder structures at a top are usually a reversal pattern as bulls and bears fight it out. Multiple heads and shoulders
(as seen in the chart) increase the likelihood that the bigger structure is valid and a top is in. Tops can never be known prior so
there is still a lot of work that needs to be done.
I initially posted the H&S back on March 3rd. Since then, the structure has morphed into a bigger H&S and created another
mini one within it.
see chart below.
Note
So far so good for the short trade.
Real Macro Economic Investing
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