Tp2
NASDAQ 100 Index of US listed shares Potential TurnPointNASDAQ 100 Index of US listed shares GONE SHORT
Sentiment changed at the end of last week and that sets up for a renewed run in equities. But just how strong will this move be?
The chart does show the RSI in technically overbought territory. But there is a saying in technical analysis, overbought can always get more overbought.
*Tensions with North Korea still simmering despite diplomacy talk...
*New missile test comes after Trump warns of conflict...
*etc...
Overall Gone SHORT and jet again with no SL as there is always option to hedge if upwards direction continues for period X. Eventually looking for previous SwingLow where TakeProfit is devided into three Strong S/R areas TP1, TP2, TP3 (close to swing low).
Enjoy the Ride
Nas100 Short PositionsNAS100 SHORT
TP1 Swing low appx 4790-4800
TP2 Swing low appx 4700-4720
TP3 Swing low appx 4630-4640
This week is all about what central banks aren’t going to do, but also the limited impact of what they’ve done already. The FOMC meeting in the US unlikely to produce a change in policy. Market pricing is now only places a 20% chance of a hike in rates this week and just over 50% chance of a hike before the year end.
AUD/JPY Update TP2 HitAUD/JPY reached our second Profit. We have to expect more downside potential due to the fact that this Pair broke our symetrical triangle to the downside. So if your still in this Trade you can hold onto it.
Trade safe, Daniel
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