Kumowizard
Short

Keep on shorting $NQ, bulls are very weak on a Bear market

FX:NAS100   NASDAQ 100 index of US listed shares
99 1 9
We get more and more confirmation about a BEAR MARKET here.

Daily:
- We had the warning signal two days ago!!! Loss of bullish momentum was obvious from haDelta/SMA3. We got further signal of weakness yesterday in form of a doji HA candle, which means indecision. More bearish confirmation today, as candle switched to red. Last three days price action shows sellers started distribution again at key supp/res (Kumo)
- EWO             seems to turn lower again.
- Tenkan is still below Kijun. Selling would accelerate below these average lines (4340 and 4360)
- If we see a massive sell wave, that can possibly send price down to 4100-4150 zone!

4H
- Last two HA candles show Bulls are very weak and happy to offload longs.
- haDelta/SMA3 confirms weakness as stuck below zero
- EWO             down to zero.
- Tenkan/Kijun got close to a weak bearish cross.
- Supports: 4375 (100wma) and 4340 (Senkou B)
- Of course we can not exclude a spike either, but I think spikes will be sold again.


Please read again my previous posts too, especially the "Long term Diamond Top" idea!
Well, nothing is expensive. Bullish price action continued. Some of my shorts stopped above Tenkan and Kijun
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