Nasdaq bearish channel or Xmas Rally
Updated
Ok so we are ready to go in few hours time!
Take a look at this bearish channel and take it to consideration. As I explained in the previous post this is the perfect strategy and it is important to look at these major resistance and support levels which can ultimately decide the market direction. Personally I am looking at a big sell off as dollar has taken 2 weeks of punishment and as it is in a major support area.
Take a look at this bearish channel and take it to consideration. As I explained in the previous post this is the perfect strategy and it is important to look at these major resistance and support levels which can ultimately decide the market direction. Personally I am looking at a big sell off as dollar has taken 2 weeks of punishment and as it is in a major support area.
Trade active
Test sell at 12 050 if it reaches in the next hr or two SL 12150.Trade active
Market is awaiting for ISM data. Trading right now is just pure gamble. I am waiting till ISM data to release before putting up any trades.Trade active
ISM data is good for the dollar and we wait for a retrace around 12k and taking a short position. Market can go either way but i still believe a pukl back before the xmas rallyTrade active
Taken a sell position this could go very bad for nas if it breaksTrade active
Sell is still active from 11.9k and I am gonna continue to hold as the dollar is rising as expected and the yields are up. Stay tuned for more updates. Do comment your views and ideasTrade active
Running profit on my sell from 11.9k now looking to TP around 11.6-11.7kTrade closed: stop reached
Trade closed with decent profits.Trade active
Looks like it will stay around 11.7k for the moment clearly won't be a big crash today as the day is almost over. Let's see what tomorrow brings usTrade active
Personally don't think it will be an eventful day rather a one sided trend. Bought at 11770, going long for now.
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