Hey Traders, today was messy but I pulled through anyway, Look at the new idea I've got. Currently, the VXN is headed for support making the Nasdaq100 bullish. However, don't really know what supports holds. I'll be taking longs till then.
If the 15200 level is retained that would mean something else. Watch to see my bias.
First plan:
VXN chart:
Hey trader, if you loved this one, leave a like, comment, follow, and share your thoughts in the comment below. I love reading them.
Cheers,
Lazyluchi..
If the 15200 level is retained that would mean something else. Watch to see my bias.
First plan:
Hey trader, if you loved this one, leave a like, comment, follow, and share your thoughts in the comment below. I love reading them.
Cheers,
Lazyluchi..
Comment:
The Nasdaq dropped 2.26%..
The markets moved lower on investors’ inflation-related anxiety. Fed Governor Lael Brainard indicated her interest in boosting interest rates higher and moving fast to shrink the Fed’s balance sheet — making investors to sell. Specifically, she said: “ will continue tightening monetary policy methodically through a series of interest rate increases and by starting to reduce the balance sheet at a rapid pace as soon as our May meeting.”
The markets moved lower on investors’ inflation-related anxiety. Fed Governor Lael Brainard indicated her interest in boosting interest rates higher and moving fast to shrink the Fed’s balance sheet — making investors to sell. Specifically, she said: “ will continue tightening monetary policy methodically through a series of interest rate increases and by starting to reduce the balance sheet at a rapid pace as soon as our May meeting.”
Trade closed: target reached:
stream went well guys…
Anyway, I'll be waiting to see what this double top actually means. If I get a break of the 14700 level, then I'll be looking to sell. If not---Then I hodl my sell bias.
Cheers,
Lazyluchi.