Kumowizard
Short

Looks like a smart distribution. Get ready to short!

FX:NAS100   NASDAQ 100 index of US listed shares
212 2 12
Momentum loss is obvious on both time frames. Bulls have been failing to regain power.
The whole pattern looks like a smart distribution, larger players' long position unwind to dumb buyers. Not fully sure of course, that's why I say wait for clear signal. But looking at 4H chart, the sell signal may be very close!

Key support is 4840-4850. This is important as in SPX             we have 2150 as key, and by now the possible 4H sell setup is kind of similar and close in both indexes. If they break down, they will break same time.
(Note: looking purely at daily chart , SPX             - $ES is still weaker than Nasdaq100)

Get ready to play!
2use
2 months ago
And who tells that ichimoku wont work :D
Reply
Kumowizard PRO 2use
2 months ago
We know it does ;-)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out