Here is an interesting fact, out of the last 18 times there was a pullback in the NDX it has touched the weekly 20 SMA 18/18. Where is 20 SMA on the weekly? 13,300.
Man, you guys don't know what a "top" really is. It is where I ever go long on the NQ. That's it, that is all you have to know, because I go long at previous ATH all the damned time. The current top is just above 14031 on the Sep contract. That's it. That is your current "top". So stop fretting and trade accordingly.
I think steel copper lumber X FCX WOOD infrastructure plays and reopening YUM Darden restaurants, casinos CZR MGM etc may be good at aths..... surprised cannabis stocks CGC ACB TLRY etc are lagging Eventually tech fang comes back
If NQ bounces above 13810, then I will close the position for a smaller gain as close above that level would indicate me being on the wrong side.
It looks rather bullish with a strong trampoline to provide support just in case the thread snaps. anyway, I guess you have already collected some decent handsome profit from shorting NQ. despite all the covid crisis, the market is rather bullish. copper, lumber, btc, etc keep on breaking new high. definitely one day, the bubble will burst.