stochastics seem to signal a downturn soon ... maybe the end of the first recovery attempt since march? what do you think?
sunriselmi
⋅
@ZHighlands, nice roll over here today. nq all by itself as rty still rallying, es a mixed bag. i think this isnt over until the stimulus bill is news not rumor. then we should see a top. i really like stochastic and see as you do. weekly says no one is singing yet.
ZHighlands
⋅
@sunriselmi, thanks for replying. got to get some reaction.
i thought today that we get some rest on NQ (nasdaq mini 100 fut). i can imagine, that we stay around this level - mayibe for the next ten days/two weeks. to me it looks similar to early feb (between 6th and 19th) 2020. we'll see when the orange line of the stochastics crosses the blue one.
i agree, fundamentally (politics, central bank, etc.) may have an impact to. my guess is that POTUS will fire something towards China again (e.g. limit or exclude tech. companies from US, or something similar). i'll be keeping an eye (and ears) on it.
sunriselmi
⋅
@ZHighlands, the 11050 was pretty easy to spot. now to see how far it can go
ZHighlands
⋅
@sunriselmi, i think even lower - towards 10500 - 10750 over the next, maybe 10, days.