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Ndxshort

NASDAQ topping pattern -- danger 2nd WAVE COVID & electionTVC:NDX All three confirmations for price to correct below neckline of "incined" Head and Shoulders -- Growing concern over fresh lockdowns hit travel sector hard while banks and oil price also suffer RSI nearing overbought 65 to 70 -- also on Right Shoulder The riots and unprecedented uncertainty concerning many national elections from NZ to USA coming in OCT and NOV into year end 2020 Look for first 4H red candle below the high close of the right shoulder to Scale into a Short position in NDX and other high Beta risk assets like FX:AUDUSD and NZDCHF and GBPCHF
TVC:NDQShort
by Outside_The_Box_NZ
2
SHORT - Nasdaq 100This one is fairly simple, on a 2 week chart the NDX has had 8 consecutive up candles where each has had its close greater than its open. This has only happened a handle full of times and holding this short for 3 candles has yielded these results in the NDX going back to 1985. The other times where there has been this sort of move has been highlighted with a white rectangle so feel free to scroll back on the chart to see :) 1999-02-01: Profit = +5.54 % | Run-up = +12.33 % | Drawdown = -1.11 % 2012-04-09: Profit = +8.94 % | Run-up = +9.22 % | Drawdown = -1.13 % 2019-04-15: Profit = +4.05 % | Run-up = +4.84 % | Drawdown = -2.90 % 2020-01-21: Profit = +6.29 % | Run-up = +11.06 % | Drawdown = -6.46 % Keeping in mind that holding for 3 two week candles is 6 weeks so about a month and a half. Given how volatile the markets have been the drawdown for this position may likely exceed the maximum historical drawdown of -6.46% so be careful when sizing a position especially when using any type of leverage. The estimated profit is just a straight average of the historical trades above so approximately 9-9.50% which would put NDX around 9500-9600. Still this is a time based exit so 3 candles but it is always useful knowing where the trade could end up just in-case you want to set a profit target. This trade was actually set to open at today's open however fortunately it was an up day. Official short entry would be 10,487.10. So anything above or around it is swell.
TVC:NDQShort
by GlobalMarketSignals
4
QQQ Short after Earnings Profit Taking Ensues TomorrowQQQ will likely see a large pullback when the stimulus bill that is priced in does not pass as quickly as expected. It would be a perfect time to open short positions over the weekend...ya I said that, never thought I would say that. I suspect this MM pump on earnings for tech stocks will be a great exit point for those in power/insiders. I expect a healthy 15% pull back, more stimulus approved after the recess, because republicans always play nicer when the market is dropping (and MM wants some more free money, right). At that point I will go long with calls that are dated 1/15/21 and 2022. Strike Price 300-325, as I would suspect we go into a tech crazy bubble in the next year or two. Not financial advice, but I will likely open some short positions/buy puts dated 8/21 that are at the money or 9/18 out of the money. Plus take a look at the top of the SP 500 during the dot com bubble...the similarities are stricking imgur.com
NASDAQ:QQQShort
by aaronsmth5
US jobless claims increased 1.42 million in the last weekAbout 30 Million Workers Are Collecting Jobless Benefits. The number of new claims for unemployment benefit jumped last month to 1.4m. That’s worse than expected and the first week-on-week rise for four months. We can expect a reflection of today`s news in the overvalued stock market. Sell-off accelerates also because of escalating US-China tensions and faltering economic recovery. The indicators show a sell recommendation. We are also in an overbought area. If you are interested to test some amazing buy and sell indicators, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
TVC:NDQShort
by TopgOptions
5