JohnKeverich
Short

NASX/NYA update

This chart plots weekly performance of NASX             vs NYA             . In my last post back in July I noted that NASX/NYA was pushing into major long-term resistance. I expected a significant multi-week correction to proceed from there. However NASX             did not breakdown in August, indicating that the real correction is potentially still ahead of us.

From the trading perspective, it makes sense to short NASX             for as long as NASX/NYA remains within the channel, and no sustained breakout is seen.
Trade closed manually: Channel busted
snapshot
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out