It hit the 618 of an important retracement. Whats better is it hit it when going down on monday, which is a day where panic is usually best taken advantage of.
stop: 12162
stop: 12162
Note
Ive picked the Nasdaq over other indices mainly because its more beaten down and because its more rate sensitive than the others, which is important because when the aggressive stance of the fed crumbles the Nasdaq will benefit the most.Note
Stop raised: 12191Trade closed: stop reached
Trade active
Relonged. Need to re-evaluate how i place stops. All the green flags are here for today:
-Ten Year notes came up significantly
-Crude is down
-DXY is down slightly and looks like it will go a lot lower
Note
oh woops the dxy is up slightly. still looks like shit
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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.