AndyM
Short

Nasdaq shorting opportunity

FX:NAS100   NASDAQ 100 index of US listed shares
192 4 13
I think this can be a good entry for a short position.
Comment: NAS is still trying to get to a new top, with a non-confirmation in SPX. One thing I didn't look at was there was no divergence at most recent peak on 4H chart. That would suggest another strong push upwards, which I did not anticipate.

I bought some June puts @3900 anyway - will see if I can add to my position today.
nice;-) thank you!
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possible bat for better entry:
snapshot
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I was looking at it, figured it could be a terminal triangle.
Let's see how it goes, I'm in with a wide stop.
+1 Reply
Same view, matter of time before it drops.
+1 Reply
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