The Nasdaq 100 is sitting in a decending wedge formation. If it wants to breakout it needs to do so immediately.
Otherwise it could flash crash down to a potential trend support line shown on chart.
The Directional Movement Index is showing bearish sentiment.
Doesn't mean the bears will win here. It just means that I'm out of the stock market till either the bulls or bears decide what to do.
Otherwise it could flash crash down to a potential trend support line shown on chart.
The Directional Movement Index is showing bearish sentiment.
Doesn't mean the bears will win here. It just means that I'm out of the stock market till either the bulls or bears decide what to do.
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Using trend line alerts to let me gauge direction
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Bulls win!
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Got alerted by phone at 9:40 am