LastBattle
Short

NASDAQ hanging at a dangerous level!

INDEX:NASX   Nasdaq Composite
Broken ending diagonal wedge, and currently trading within the daily MA 50 & 200 range.
5000 is also a significant psychological numeric & 2000 technology bubble resistance.

snapshot


It seems that the market is currently stuck in a range until contagion tears this apart to the downside. (Grexit? China bubble? US macro weakness?)
I'll be expecting 10~20% correction soon, unless FED decides to pump this straight to the stratosphere for a lehman-sister moment which I don't see it happening given Yellen's stance that the market 'is quite high'.
LastBattle
2 years ago
snapshot


still grinding... added more shorts today in premkt.
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