Nasdaq has topped

Discussion in 'Trading' started by Master Pu, Apr 29, 2021.

  1. themickey

    themickey

    Wrong :)
    Right :)
    Hehehe :) just kidding
     
    #181     May 19, 2021
  2. Overnight

    Overnight

    If you mean the green lines are your imaginary lines? Nah, that's a TA classic. You've drawn a trend channel. Where you anchored the upper bound is not visible on that chart, but the bottom line looks cogent.

     
    #182     May 19, 2021
    GrowleyMonster and themickey like this.
  3. IMHO we aren't done with the selling, VIX is still poised to shoot upwards and when it does we all know what happens, indexes go in the opposite direction. Both NDX and Russell are below 20SMA on weekly and couldn't lock above it, whereas SPX & DJIA are both above 20SMA, so it's a bit of a magnet, and TRAN! That's way above the 20SMA on weekly chart.

    So I would still be looking to sell retracements.
     
    #183     May 19, 2021
    KCalhoun likes this.
  4. Short 13219
    Stop 13250
    Target 12970 area

    Potential double top can be seen on hourly. In fact there now have been 5 attempts to breakthrough current level.
     
    Last edited: May 19, 2021
    #184     May 19, 2021
    Relentless likes this.
  5. Stopped
     
    #185     May 20, 2021
  6. Nice call!
     
    #186     May 20, 2021
  7. LOL
     
    #187     May 20, 2021
  8. Going to wait for reaction here. Totally missed the train today lol.

    Screenshot_20210520-165943~2.png
     
    #188     May 20, 2021
  9. Taken a shot here

    Short 13510 close stop
     
    #189     May 20, 2021
  10. Overnight

    Overnight

    A 350 point range, all to the upside, and you are trying to short it in the last 30 mins?

    *smack* Pu, you're better than that!
     
    #190     May 20, 2021