We've been here before. This upward channel has been tested, provided support and retested before. Bulls need to defend this channel line, or it could get ugly. Quite a few FAANG stocks had huge rejections at an important smoothed moving average (for me) yesterday. Bulls have got their work cut out for them. Let's see what happens. No position, but if strength doesn't come through a short position looks likely in coming days.
Yep .. i see this too .. not touching the nasdaq today unless it hits 15100 ... meantime i have shorted the dax at 15965 any break to the upside towards 15980 then it will be deemed bullish in my books and i shall be long. In the meantime i will be sidelined waiting for 100+ points pullaway before open from my daily base line...
Staysafe during days like this where its make or break times ... goodluck
Staysafe during days like this where its make or break times ... goodluck