ContraryTrader

Nasdaq shot term (Bear flag)

Short
TVC:IXIC   US Composite Index
Did this in lines vs candlestick simply because you can see the flag better. Found support on 100ma Friday. If it opens red expect a trip back to weekly channel bottom. could Wednesday and Thursdays rally been just a dead cat? we'll know if channel bottom holds up. Easiest play here is QQQ shorts until channel support reached. Bitcoin sell of isn't helping at all. you can also see the bear flag in the RSI

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