Hello TradingView!
We still have a long ways to go down before we re-enter any serious LONGS here on NAS, especially since we're currently locked in a couple already from the previous weeks.
Technicals are saying this is an up-trend. I would be more than happy to agree, but we also have to factor in the fundamental news that impacts the market as well.
Technicals:
Just waiting for the price to move down to LEVEL OF RESISTANCE.
If the price closes before we know to enter a LONG in. This would make that level a Support Zone.
OR
If price was to close below LEVEL OF RESISTANCE we know to hold our short from the new retested HIGH from 19/May/2020 all the way down to 8600-8800
Fundamentals:
Lots of 'news' about this vaccine and other market data, such as companies reporting a very slow month (which was to be expected here) we know that this previously has been a slower month for the majors in the index.
Personal thoughts:
I'm going to be patient, just ride my short down and see what happens. I don't need to enter anything more as I've already closed multiple LONG positions previous to this, this month and last month totalling over my goals for each month in Pips collected.
After mapping out any position I'll wait until the next one has been presented to be on a silver platter, once that happens then and only then I will enter. So.. waiting for the LEVEL OF RESISTANCE to be played with before any immediate action.
I hope everyone has a great week ahead and you all are making profit somewhere!
We still have a long ways to go down before we re-enter any serious LONGS here on NAS, especially since we're currently locked in a couple already from the previous weeks.
Technicals are saying this is an up-trend. I would be more than happy to agree, but we also have to factor in the fundamental news that impacts the market as well.
Technicals:
Just waiting for the price to move down to LEVEL OF RESISTANCE.
If the price closes before we know to enter a LONG in. This would make that level a Support Zone.
OR
If price was to close below LEVEL OF RESISTANCE we know to hold our short from the new retested HIGH from 19/May/2020 all the way down to 8600-8800
Fundamentals:
Lots of 'news' about this vaccine and other market data, such as companies reporting a very slow month (which was to be expected here) we know that this previously has been a slower month for the majors in the index.
Personal thoughts:
I'm going to be patient, just ride my short down and see what happens. I don't need to enter anything more as I've already closed multiple LONG positions previous to this, this month and last month totalling over my goals for each month in Pips collected.
After mapping out any position I'll wait until the next one has been presented to be on a silver platter, once that happens then and only then I will enter. So.. waiting for the LEVEL OF RESISTANCE to be played with before any immediate action.
I hope everyone has a great week ahead and you all are making profit somewhere!