KEEP TRADING SIMPLE - NDXGood Morning, Those of you following the market would have seen that something in the world was going to happen. Yep we have it....trade war.
The market is a great predictor at investor confidence which typically means - what is going on in the world to affect their assets.
Right now we have a leg down in the NDX also in SPX & other American/Markets. The uncertainty of the trade war is causing investors to 2nd guess where they are putting their money.
Currently on this chart we are seeing a bottom start to form - You will never be able to call a bottom 100% but can get close. This would be a good spot to start accumulating stocks that are matching the trend patterns of the market. Be careful, if this is only a corrective action it would go down after its reached target, again a time to sell your stocks and wait to see where it drops. It could also reach target and consolidate which would be a great area to review trades and see what you want to keep and those you may want to sell for profits.
Thanks and have a great day!