Nasdaq sell continuation - Long term Fibonacci retrace
Hello traders and analysts,
We are looking at the over extension completed - in which we have previously analysed in private and have been short already from the 1.786 extension.
What is Nasdaq showing us right now?
A discount price offering in the market -
2 x weekly bearish candles.
A break of a steep ray line from March to August highs.
Take your Fibonacci from the March low to August high.
Our levels for Targets correlate with 50% to 61.8% - as good healthy targets.
See the SPX link for further information regarding the full break down on the technical side - the application is present here.
What does the COT data tell us?
AVG Long Short Total L% S% Net
Avg_13 14,986 10,525 25,510 59% 41% 4,461
Avg_20 14,197 10,762 24,958 57% 43% 3,435
Avg_50 14,525 10,440 24,965 58% 42% 4,085
In the last few weeks - the shift of longs has now switched from Long to short - with 44% long, 56% short in sentiment.
Keep a look out for volatility now with sell offs in US equities or profit taking and expect retail decisions to be following the decision of the fellow sheep.
If you are currently short - always keep in mind your risk management.
We will release our view to the public viewing of the Russell2000, US30 and UK FTSE100.
To follow us, click the follow button.
Please feel free to share your view - we enjoy comments with some depth.
To those of you who follow - many thanks for the continued support, we passed our 100 Follower milestone.
Take it easy out there,
Team Lupa
We are looking at the over extension completed - in which we have previously analysed in private and have been short already from the 1.786 extension.
What is Nasdaq showing us right now?
A discount price offering in the market -
2 x weekly bearish candles.
A break of a steep ray line from March to August highs.
Take your Fibonacci from the March low to August high.
Our levels for Targets correlate with 50% to 61.8% - as good healthy targets.
See the SPX link for further information regarding the full break down on the technical side - the application is present here.
What does the COT data tell us?
AVG Long Short Total L% S% Net
Avg_13 14,986 10,525 25,510 59% 41% 4,461
Avg_20 14,197 10,762 24,958 57% 43% 3,435
Avg_50 14,525 10,440 24,965 58% 42% 4,085
In the last few weeks - the shift of longs has now switched from Long to short - with 44% long, 56% short in sentiment.
Keep a look out for volatility now with sell offs in US equities or profit taking and expect retail decisions to be following the decision of the fellow sheep.
If you are currently short - always keep in mind your risk management.
We will release our view to the public viewing of the Russell2000, US30 and UK FTSE100.
To follow us, click the follow button.
Please feel free to share your view - we enjoy comments with some depth.
To those of you who follow - many thanks for the continued support, we passed our 100 Follower milestone.
Take it easy out there,
Team Lupa
