1M bear div, confirms on obv osc, rsi, but not macd. Fed is pumping everything so may continue, but this is a major sign of weakness. R/R is solid, high probability of a trend reversal up here.. I will be shorting on a retest of broken support to reduce risk..
Decent probability of a second wave.
Id say 50/50 chance NQ dumps.. No htf bear divs on ES and above daily 200 but monthly still could make a lower high. Lets see!
Decent probability of a second wave.
Id say 50/50 chance NQ dumps.. No htf bear divs on ES and above daily 200 but monthly still could make a lower high. Lets see!
Comment:
Risk management is everything, NQ has just been ripping. This is why we only short a breakdown and retest of support, or if you want to run a naked short at least hedge with calls
Trade active:
Another 1M bear div on NQ has formed, let's see if this time it actually pulls back. I won't be shorting but am watching closely