Stock
Short

Nasdaq 100 short

INDEX:IUXX   Nasdaq 100 Index
193 5 2
I think on the daily chart there is an exhaustion gap and we should see a correction or a top. It does not matter for me what it will be. I expect with a high chance the price in the next few days in the target area (closing gap). I think it is clear that in this rallye there is also a risk in doing so.
Thanks for you comments. Now, I think you had the better view, but I will survive in buying a second short at the right time (hopefully).
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Nevertheless I will refrain from a position at moment. It looks like if it will correct but I will wait until I got a confirmation that this was a false break. The old Germans used to say: "Wer zuerst aus dem Schuetzengraben kommt, der wird erschossen."
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All right. From now on I'm with you. :-)
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Hi motleifaul, it is possible that we go some points up, but I stay on my view and I do not have a tough SL in. So I think this will be a winning trade for me and the end. We will see.
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I'm afraid that's to early for a correction. We just marked a new high and the candle has almost no shadow on the white candle. This indicates a strong trending movement. So I cannot consider the gap as exhausting, sorry.
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