Last spike at the opening bell should mark at least a local high, completing a more ample ending diagonal and an impulse from Sep25th low.
Short with tight stop at 6045.
Description in chart ... if the price shows its inability to keep pushing higher around the highlighted area then a short could be triggered, if not then the idea must be reevaluated
I would consider this a good opportunity to short the nasdaq according to the risk/reward ratio; we have had the most bullish weekly candle in the market during 2017 and we all know the market is growing thanks to Yellen, even though, we had some bad data during the week (GDP expectations have plunged, terrible retail sales and inflation data, gold is growing, the ...
So, price walks vey nice within the fork.
Until at least the first low is broken, there is no short trade for me.
Other then the ES, I see nothing to short this market at this time.
P!
NQ have been stuck in a trading range for week. Last week 's attempt to break out from to failed. Last night 's sell off failed to break the low and rally back into the trading range high around 5377.75. Possible short attempt. higher chance if a 3rd push up into that level.
Haven´t checked a single line of company´s reports or any related news. I´m just trying to find a new broker and checking the charts one by one to see if the market will or not dump the shares.
I found IBKR may be a good buy as it bounced of the Hagopian Line and has been flat for several weeks now, underperforming the market. Notice also the price broke former, ...
I stopped following Twitter at some point of time but I´ve been curious on, after all the news bombardement and price movement we had in 2016, what price we may expect in 2017?
I found a very interesting setup: on first place, we have an ascending fork (labeled green) where the Median Line hasn´t been reached. Therefore, as per Hagopian´s rule, the price should ...
The NQ is making a broadening top pattern. This is not a bearish or bullish pattern, since it trends upward 49.6% of the time and downward 50.3% of time. It has a nice look, where price was trending upward 6 months leading into the pattern, with downward sloping volume. To pick a top in this market is dangerous, with the low volume grind. I am looking for clear ...
Notes on chart. As per Bulkowski ivhs guidelines, this looks almost like a textbook pattern. As long as 2195 is defended as support, the ES and SPX have an upside bias. See the patternsite dot com (inverse head and shoulders) for source information.
I will be looking for price to follow through. Would like to enter short around 4820's, idea being enter within the ribbon and play the follow through of the new downtrend. Target last weeks low for >60pts. Risk 20pts at/around Friday's high, R:R = 3:1.
