Last spike at the opening bell should mark at least a local high, completing a more ample ending diagonal and an impulse from Sep25th low. Short with tight stop at 6045.
Description in chart ... if the price shows its inability to keep pushing higher around the highlighted area then a short could be triggered, if not then the idea must be reevaluated
I would consider this a good opportunity to short the nasdaq according to the risk/reward ratio; we have had the most bullish weekly candle in the market during 2017 and we all know the market is growing thanks to Yellen, even though, we had some bad data during the week (GDP expectations have plunged, terrible retail sales and inflation data, gold is growing, the...
So, price walks vey nice within the fork. Until at least the first low is broken, there is no short trade for me. Other then the ES, I see nothing to short this market at this time. P!
possible target area for QQQ to keep an eye on the next week weeks.
Nasdaq left a hanging man candlestick on the daily chart which is bearish and forms at the end of an uptrend. Will look for a short entry tomorrow.
good reistance zone for shorting all good as long as <131.7 good luck !
Green zones, strong support zones, 129.36 major key level, a break below that one would be very sentiment changing.
Haven´t checked a single line of company´s reports or any related news. I´m just trying to find a new broker and checking the charts one by one to see if the market will or not dump the shares. I found IBKR may be a good buy as it bounced of the Hagopian Line and has been flat for several weeks now, underperforming the market. Notice also the price broke former,...
Bearish scenario if >132,10 otherwise absoluletly not positive as long as >132.10
NQ have been stuck in a trading range for week. Last week 's attempt to break out from to failed. Last night 's sell off failed to break the low and rally back into the trading range high around 5377.75. Possible short attempt. higher chance if a 3rd push up into that level.
I stopped following Twitter at some point of time but I´ve been curious on, after all the news bombardement and price movement we had in 2016, what price we may expect in 2017? I found a very interesting setup: on first place, we have an ascending fork (labeled green) where the Median Line hasn´t been reached. Therefore, as per Hagopian´s rule, the price should...
The NQ is making a broadening top pattern. This is not a bearish or bullish pattern, since it trends upward 49.6% of the time and downward 50.3% of time. It has a nice look, where price was trending upward 6 months leading into the pattern, with downward sloping volume. To pick a top in this market is dangerous, with the low volume grind. I am looking for clear...