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DealingNinja

Crossover in the long and short term trends in the NASDAQ

Short
Nasdaq 100 Index (NASDAQ:NDX)  
DealingNinja  
NASDAQ:NDX   Nasdaq 100 Index
Trend Analysis
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trendanalysis
We have a short term asending trend and a long term downtrend in the NASDAQ. These two trends (indicated by the green lines) are set to cross over in the coming days - with this week's earnings reports, news from the Fed, and GDP figures, we're very likely to see a crunch point in the next few days. I'm bearish, shorting the QQQ.
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