NQ's Warning Signs 9/6/2020
NQ at the daily view.
This is a project that my trading team and I are conducting. This is 7 of 9 charts (available on Trading View) that searches for clues for an imminent correction by using both June and September 2020 cases. It's a comprehensive overview that connects the charts volatility, trends, divergences, credit, and currency strength.
The yellow lines were the former tops of the upward channel over the months... before expanding. Every time the NQ closes days above the currenttop of the channel, there is a correction shortly afterwards.
The NAAD showed a bearish divergence 2 weeks ago and it finally played out.
Currently, there is a bearish RSI divergence in play. Not sure how far it will go.
This is a project that my trading team and I are conducting. This is 7 of 9 charts (available on Trading View) that searches for clues for an imminent correction by using both June and September 2020 cases. It's a comprehensive overview that connects the charts volatility, trends, divergences, credit, and currency strength.
The yellow lines were the former tops of the upward channel over the months... before expanding. Every time the NQ closes days above the currenttop of the channel, there is a correction shortly afterwards.
The NAAD showed a bearish divergence 2 weeks ago and it finally played out.
Currently, there is a bearish RSI divergence in play. Not sure how far it will go.
Comment:
I find it hilarious that people think I was super bullish in NQ, yet fail to read a chart. There are reasons why there are green and red lines.
Comment:
Disclaimer: These posts are mainly to push charts for my trading team and to coordinate our efforts. I am not aiming for reputation points nor do I care about any public opinions. This is a business, not a tea party.