#NDX daily close update for Sept 7.
NDX got a nice +2.07% bounce today after a couple weeks of downside activity.
Things to note:
- price attempting to test BF channel but failed to do so. Let's see if it does tomorrow/Friday
- got a bullish cross of the 50 above the 100SMA yesterday
- bull target #1 remains @ the $12.6K gap
- bear targets are all the same & can be seen on chart
Remember, it's always smart to hedge. If we're in a bear market, you should always hedge with longs/CALLS. If we're in a bull market, sometimes it makes sense to hedge short or with PUTS.
I am macro bearish, but still hold my LT spot positions and have CALLS as well.
Bounces are expected & I will see any major upside moves as opportunities to add to my PUTS.
Regardless of bounces, my LT thesis has not changed. If I do change my thoughts, I will let everyone know.
Always DYOR & avoid HYPE
#crypto #stockmarket
NDX got a nice +2.07% bounce today after a couple weeks of downside activity.
Things to note:
- price attempting to test BF channel but failed to do so. Let's see if it does tomorrow/Friday
- got a bullish cross of the 50 above the 100SMA yesterday
- bull target #1 remains @ the $12.6K gap
- bear targets are all the same & can be seen on chart
Remember, it's always smart to hedge. If we're in a bear market, you should always hedge with longs/CALLS. If we're in a bull market, sometimes it makes sense to hedge short or with PUTS.
I am macro bearish, but still hold my LT spot positions and have CALLS as well.
Bounces are expected & I will see any major upside moves as opportunities to add to my PUTS.
Regardless of bounces, my LT thesis has not changed. If I do change my thoughts, I will let everyone know.
Always DYOR & avoid HYPE
#crypto #stockmarket