Nidalas

Nasdaq 100, be cautious

Nidalas Updated   
NASDAQ:NDX   Nasdaq 100 Index
Fundamentals not changed, we can still expect 2019 to be corrective, most likely to be range-bound. But now that the market made a strong corrective move downward, we will see how it will develop and **treat it with more care than during the previous analysis.**
Still, we can expect some big players to be spooked and take some profits off their long term positions around highlighted levels

After the greatly anticipated counter-rally, we have a good opportunity to sell some of the "buy the dip" stocks for a very decent profit on the way up and start thinking about re-shorting what could be either a nasty dead-cat bounce, or see how shorts can act as fuel to propel us into a new market cycle up, further into the "stock bubble"



Note : very similar setup across all markets, while "star" stocks are under-performing the rally, which gives us reason to be extra careful on this analysis

For example

This is a follow up of my previous idea
Comment:
Very good start, but let's not dance too fast yet.
This just gives confirmation that more and more shorts will pile on. However, that could be used by market makers as tinder to fuel a new bullrun or just as a liquidity pool to better exit their longs a bit higher.
I am updating my orders, exposure and stop losses for a risk free trade

We just have a strong edge because we anticipated it and thus have better positioning and now, no risk

NASDAQ 100 :

DJ :
Trade closed manually:
Strong gap up on NASDAQ 100, meaning the market might want to go higher after a small pullback. As to be expected from the most desired industry of the current world (for now), tech companies are showing the most buying pressure on dips
Short was stopped here at breakeven

S&P500 showing a shy bullish gap too
Short was closed here at breakeven

Dow Jones at perfect short value (26258$), in retreat compared to the other markets
Short here is still running

Not buying back the positions from december yet

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