Nasdaq 100 - LONGMoving average 200 could not get break down in the last 4 days. It is a strong support. RSI and MACD too low. I believe Nasdaq should close green in monday and the following days.
Nq100
Tomorrow important day for Nasdaq final move Market looking for FULL DAY consolidation in order to get main volumes for next avrg. 10 days buy move !
SP500 in a .618 down channel Follow the red arrow, in a .618 down channel. Price should go up and touch the channel then continue down.
Also, RSI divergence confirms the down trend
NQ Trade updateAs we creep closer to our second target we are pulling stops to Break Even plus 10 to lock the trade in. We are fairly confident we will see target number 2 early in the session today. Regardless, we want to manage the trade properly. Yo never know when the PPT will swoop in to save the market. ;) Trade well!
Nasdaq flag? The $NQ chewed up support which made it non existent over the last couple of days. The $NQ could be starting to develop a bear flag. We will watch this closely. We are short term bullish but long term bearish for now. The swings are wide. If you "must" trade, reduce your size and focus on one maybe two markets.
