US TECH: GAME OVER?
Updated
Well, get your popcorn ready!! US Tech 100 is in a precarious position. This is another thing that rules the world!
Price ducked below 11000 - which is considered important. Will it stay below? How would I know? 🤷♂️🤦♂️ At time of posting price is a 10920-ish. Does this mean the backs of the USTECH and NASDAQ are broken? Of course not. Expect permabulls to do their stuff. We need them - for the big money transfer- so they're much loved! 🤣
Price action on this on the 3 to 5 min time frame today was soooo exciting! LOL. Call me a nerd - it's fine. LOL. 😉😎 If you wanna see what's really happening you just gotta get dirty in the trenches!
I'll be doing a video soon, showing how I look at price action in the indices, comparing the rule of Tech100 with other indices. Stock up on popcorn! 😂👳♂️
I don't do predictions - because I believe trend is more important than price.
Disclaimers: This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Price ducked below 11000 - which is considered important. Will it stay below? How would I know? 🤷♂️🤦♂️ At time of posting price is a 10920-ish. Does this mean the backs of the USTECH and NASDAQ are broken? Of course not. Expect permabulls to do their stuff. We need them - for the big money transfer- so they're much loved! 🤣
Price action on this on the 3 to 5 min time frame today was soooo exciting! LOL. Call me a nerd - it's fine. LOL. 😉😎 If you wanna see what's really happening you just gotta get dirty in the trenches!
I'll be doing a video soon, showing how I look at price action in the indices, comparing the rule of Tech100 with other indices. Stock up on popcorn! 😂👳♂️
I don't do predictions - because I believe trend is more important than price.
Disclaimers: This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Note
17:25 GMT 2020-09-18: Price struggled to get back up to 11000 and failed, flaking out at 10989. It may mean something or nothing!Note
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It's not looking good. Note
Nice trouble ahead. Sound traders like trouble! 😄 Note
I'm stalking that troubled zone very carefully and comparing with the AUS200 and DJI. Interestingly at 11:43 GMT 2020-09-22 both of the above indices are not (so far) buying the USTECH'S venture into that troubled zone. Do not make trading decisions on this observation.
Note
Watch.Note
Back in the zone
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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