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KoosKanmar
Aug 19, 2021 7:57 AM

Nasdaq 100 E-mini futures. Flat top resistance held Short

E-mini Nasdaq-100 FuturesCME

Description

Some weakness seems to have taken hold in this seemingly "bullet proof" index. Predicting any kind of weakness in this index and acting on it was a futile exercise for many years. A flat top formed on this index and as the saying goes "a flat top causes a drop" seems to be the order of the day for now. A cautious target of 14100 seems like the first support level if weakness continue.

I have a position in SQQQ to hedge my portfolio
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