Nasdaq pullback idea
Updated
Waiting to see if we can get a signal to backfill yesterday's impulsive move higher. The catalyst was the announcement that Elon Musk had a 9.2% stake in Twitter.
There is also now another 10bln being put into the US economy due to an agreed stimulus bill.
The algos do not like leaving areas un-tested, so I am looking for them to come back down and fill the imbalance.
Otherwise we take out the swing highs and surge on forwards as stops get taken.
There is also now another 10bln being put into the US economy due to an agreed stimulus bill.
The algos do not like leaving areas un-tested, so I am looking for them to come back down and fill the imbalance.
Otherwise we take out the swing highs and surge on forwards as stops get taken.
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Slightly better view of a potential trade setting up
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