If we dont short this, Technical Analysis becomes obsolete.
of course, it can remain in the area and mark marginal tops above 5000 but overall in the next 8 weeks, there is a window of opportunity for a short that could be a nice one.
Comments
IanLip
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"If we don’t short this, Technical Analysis becomes obsolete", but the NASDAQ just broke out a few weeks ago, so technical analysis is still intact. We can all say overextended but things can stay over extended/overbought for longer then we think
YaKa
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True. Helas.
Justiceisfalse
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it looks sooooooo overextended. Risk names selling off today FWIW