Vihren77
Short

Clear bearish Ending Diagonal in NASDAQ

NASDAQ:NDX   Nasdaq 100 Index
Clear bearish Ending Diagonal in NASDAQ on 4 hours time frame.
The SPX and NDX gave us an EW 5-waves down on the hourly from 7/25 into today - this puts us in the bearish camp. We are now looking to sell a corrective bounce into the FOMC minutes on Wednesday.
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I believe market will remain range bound for next couple of weeks before it heads into correction
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Correlated trades could be long CHF, GOLD, short USD.
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Well done, especially your chart and comments. Post more please as you see illumination.
$NDX did something it shouldn't have done in 7/27 trading. That is an omen.
Now, just as your chart shows, whether it wants to happen now, or at a moments notice..
it seems like it wants to fall off a cliff. Terminal.

THE_UNWIND
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