We’ve been heavily focused on the NASDAQ-100 (aka NDX and QQQ) as the 200 day moving average continued to dominate price action - despite pundits on television speaking that venom on how “growth and tech were recessionary resistant!” It is amazing what these people can get away with on television and how their words are held tightly by many bystanders looking for direction.
We’ve been calling for economic weakness on our Facebook page surrounding the balance sheet (before it was a hot topic in the news), M2 Money Flow, Housing, etc. Feel free to check it out -> just click the link at the bottom or go to my profit page.
Back to the Futures…. We’ve been eyeballing the lows of March 15th as a potential target. Now that is not to say we can have a few days of upward impulse movement, or the Inflation figures coming out tomorrow are somehow seen as weaker than expected and the markets get a ‘relief rally’ back above the 50 day moving averages. Stay cautious of any intraday changes for short term opportunities.
Keep track of the levels through annotations on your charts and please feel free to check out some of our videos. Follow me on TradingView for any new and updated posts and to any videos in the external links below (or in my profile).
Bearish sentiment continues until there is a change in complexion. Remember if we have a bullish day that doesn't change the bigger picture. Patience and Discipline to live to trade tomorrow.
GOOD LUCK Everyone and THANK YOU for your time in reviewing this post, my others posts, etc.
AGAIN... Keep a mental note of those levels; especially if there is a bullish relief that may catch many off guard and keep in mind the holistic view is bearish. But, that doesn't mean you won't have opportunities in the short term in either direction, regardless of the overall major sentiment and trend.
We’ve been calling for economic weakness on our Facebook page surrounding the balance sheet (before it was a hot topic in the news), M2 Money Flow, Housing, etc. Feel free to check it out -> just click the link at the bottom or go to my profit page.
Back to the Futures…. We’ve been eyeballing the lows of March 15th as a potential target. Now that is not to say we can have a few days of upward impulse movement, or the Inflation figures coming out tomorrow are somehow seen as weaker than expected and the markets get a ‘relief rally’ back above the 50 day moving averages. Stay cautious of any intraday changes for short term opportunities.
Keep track of the levels through annotations on your charts and please feel free to check out some of our videos. Follow me on TradingView for any new and updated posts and to any videos in the external links below (or in my profile).
Bearish sentiment continues until there is a change in complexion. Remember if we have a bullish day that doesn't change the bigger picture. Patience and Discipline to live to trade tomorrow.
GOOD LUCK Everyone and THANK YOU for your time in reviewing this post, my others posts, etc.
AGAIN... Keep a mental note of those levels; especially if there is a bullish relief that may catch many off guard and keep in mind the holistic view is bearish. But, that doesn't mean you won't have opportunities in the short term in either direction, regardless of the overall major sentiment and trend.