maccabean
Short

A bubble within a bubble.

FX:NAS100   NASDAQ 100 index of US listed shares
Consider shorting the Nasdaq100 which is highly represented by technology stocks. Even if you don't believe there is a severe correction around the corner, tech stocks are extremely expensive. A move above the asset bubble trend is telling me there may be a pullback to the middle of the linear regression line - minimum. Consider selling one the price move back below the upper blue line.

Even if you're a doubter of the pending market correction consider this: "In the last 52 weeks alone, eight of the 10 major S&P             sectors have retreated more than 4 percent at least three times each. Nine sectors - all except technology - have had at least a 6.9 percent drop."

If you are not able to trade indices or short them, please contact me and we can discuss some options.
monthly view
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daily T2 targt reached, usually price does not trade mush farther until a new levelof support is traded.
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levels levels levels? I do not know?
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TY for your post!
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elp elp
another possible setup old
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new
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Thank you very much for your comments. I think they are good possibilities and considered them too.
+1 Reply
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