[NDX] A textbook chart for being bearishSummary
- See the previous idea for context:
- Another realization: horizontal channels for S/R work better than diagonal ones. This doesn't mean that the latter need to be discarded altogether.
- Looking back, NDX did really have desperate jumps towards the end of the bull rally.
- High volume on days with large inverted hammers was a sure sign of an impending stampede.
- Today's rejection is why being long without confirmation is a bear trap. Being on the short side is much less stressful.
