vlad.adrian
Short

Nasdaq will lead the fall

FX:NAS100   NASDAQ 100 Index
406 5 10
When the Nasdaq and the Russell are weaker than the S&P             and the Dow, trouble is comming. When the S&P             is weaker than the Dow, trouble is coming. When both conditions are in place, big trouble is coming. Now it's the time to go short on US markets, and I will choose the Nasdaq, as it is weak, and it will probably lead the fall together with the Russell.

The Dow and the S&P             are at their all time highs right now, but the Nasdaq is nowhere near its multi year highs (all time highs are back in 2000 when the dot com bubble burst).

There is a clear H&S formation, with a corrective double top , MACD lines below 0 and histogram falling. Price is currently resting at value, at the EMAs (look how accurately price returns to the EMA Wave, and rallies or falls back).

Support levels at 3400-3450 and 3100-3150. At these levels, there will be a fantastic buying opportunity.

Fundamentaly, looking only at the US, there is no reason for shorting. The Fed are cutting the money supply, but data keeps getting better. The Ukraine is the big problem, and that is where all this volatility is coming from

The 4H chart with the double top :
Pretty much text book setup.
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09.05.2014 rally during Yellen's speach, followed by a false breakout on the Dow and the S&P. entered short again at 3527, stop 3586
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vlad.adrian vlad.adrian
stoped out on 12.05.2014, at the stop level, 3586.
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Entered short at 3559, stop at 3611, better stop would be 3626 but I'll take the risk
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vlad.adrian vlad.adrian
08.05.2014 exited at 3534 after Yellen's speach and after this ugly hammer. I know it's way above my target, but the market is too crazy at the moment, I preffer standing aside.
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