Auguraltrader

NASDAQ on the verge of retracement

CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Not saying that the NASDAQ might not have a blow off top, but the lower high and the stalling and the candlestick patterns suggest that there is a break down incoming. MACD levelled off and is retracing already.

Likely a reversion to mean retracement, and breaking down below 11,355 (the TDST) is bad news...

Let's see

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.