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SPYder_QQQueen_Trading
Sep 16, 2021 1:49 AM

$NDX - my position has not changed... NDX to 14000 Short

US 100 IndexTVC

Description

I'm sticking to my Bearish view here... Unless we see a blow off top... and in either case I will sit out, LOL.

GL anyone who is brave enough to go long this high up!!!

I'm calling top.
Comments
wrgly
straight to GP
LeLaf
It’s been jumping off 200MA since forever. Will likely continue to do so. Except for a crash, don’t see it going down that much.
LeLaf
@LeLaf meant 50MA. My mistake.
SPYder_QQQueen_Trading
@LeLaf, I get it, and I see that... but that Divergence is just signaling market exhaustion to me. Divergence is not the best indicator, but I've been keeping on eye on bigger timeframes with lots of indicators and technicals are breaking down slowly. 10% year over year inflation will probably knock a lot of traders out of the game if they don't at least prepare for a bear market in the near term... I'm prepared for either scenario... I mostly use 35EMA and 180EMA and as of right not far enough above the 35EMA for any kind of confirmation... I love being bullish, but I can't at these levels.
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