even pre-jackson hole the nasdaq behaved perfectly within the identified channel. with the
next SP level over 2% lower, QQQ looks likely to
make a attempt some 4%, out pacing the spider.
if a naked short is too adventurous, a hedge with longer SP & short NASDAQ looks worthy of a punt. happy trading.
Let me first say I appologize for my post this morning. I was trying to get it out befor it completed and I ended up drawing it wrong. I also didnt break down my thought process. Here is what I was looking @
What I was looking for was a reversal that I have marked in blue.
The market then gives me a higher high higher close labled HHHC
Price then retraces to the...
