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1. Yesterday we already saw a 100+ point move to the downside due to poor performance of Financial Equities
2. Today the US10yr is already 5% down in value.
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i) As we can see by my chart, The nasdaq 100 index could potentially be setting up for a short term selling opportunity if it bounces off of the resistance, however before thinking about shorting we must also consider the fact that Nasdaq has been bullish for a while now, therefor scalping shorts would be ideal.
ii) A buying opportunity will arise if it respects...
As We Can See, Price Has Been restricted to this long parallel channel (i.e Trendlines) and by the use of my purple zones we can See that Resistance has been respected multiple times, For a Clear indication of a bearish trend the trendline would have be broken, I'm looking to get into a short utilizing a powerful R:R Ratio, however there will be a gap once Market Opens.