Nasdaq under pressure and aims for 18'400
NQ is being pushed down, and a rebound doesn’t seem possible at the moment.
There are some fundamental factors supporting this weakness. However, as a chart analyst, I focus on the signals within the chart itself.
What I see is a possible target around 18,400, which aligns with the L-MLH.
With the weakness of the MAG7, the Nasdaq is unlikely to make further gains. The options are sideways or down. The latter is what I trade according to the rulebook.
There are some fundamental factors supporting this weakness. However, as a chart analyst, I focus on the signals within the chart itself.
What I see is a possible target around 18,400, which aligns with the L-MLH.
With the weakness of the MAG7, the Nasdaq is unlikely to make further gains. The options are sideways or down. The latter is what I trade according to the rulebook.
Dagangan aktif
On the road. Nothing to do here, just enjoy the ride so far.
PTG1 in sight.
Nota
NQ is in downward mode.
To me, all these pullbacks to the upside is just noise and Algos.
I see NQ lower in the coming weeks and months.
Nota
I still don't see any exit signs but more downside to come.
But I'm not stupid and I protect my capital with a 50% Hedge. Because what I think (or I would like) the market is doing, has nothing to do with trading, but "Hopium".
A new view with the red down sloping Fork reveille resistance at the TB.
My add would be somewhere around the 21'830 Level.
A partial position exit above 22'180/22'100.
PTG's stay the same.
Penafian
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