Hey guys, my first post here. I wonder what you think of this idea. We see a possible early negative divergence forming on the daily. Thinking of possible ways down we might see a rebound first - perhaps through a bearish shark, before going down? What do you think?
I am short term bullish on the NDX, middle term bearish and long term bullish.
Either way I am partially long from these levels (> 10 yr investment horizon) and will keep buying on any subsequent dip down.
I am short term bullish on the NDX, middle term bearish and long term bullish.
Either way I am partially long from these levels (> 10 yr investment horizon) and will keep buying on any subsequent dip down.
Comment:
Forgot to mention but ideally I would like to see the negative trendline on the RSI getting crossed to confirm the long bias.