LagunitaLLC

NASDAQ (04/16/2020) - Double Top!

Short
TVC:NDQ   US 100 Index
FA
+People expect to see another 5 million jobless claims tomorrow. However, this number will be less next week, as jobless claims are peaking.
+Retails reported 8.7% drop in sales.
+Small businesses are having a bad time with paying rents + payrolls.
+Haven't receive a stimulus check yet? Visit: www.irs.gov/coronavirus/get-my-payment

TA
-NASDAQ has formed a double top pattern.
-Squeeze indicator (45 minutes) indicates a high volume, bearish movement.
-RSI formed an "M"
-The bottom finder is stable.
- Overall trend: Bearish.

Good luck.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.