$NDX Head & Shoulders

TVC:NDX   NASDAQ 100 Index
Daily head and shoulders formed - missed short at 4810 (right shoulder 61.8% retracement )

|Missed Short: 4810 |Stop (Over Head): 4917 |Target: 4400 |

Looking to take a short entry on an hourly pullback next week.

- Head and Shoulders (right shoulder entry missed)
- Flat Neckline
- Expecting sell off to test neckline at 4650
- 20MA crossed under 50MA

- Trump potential policies (Infrastructure Spending)(Pull in overseas tax havens and jobs - affecting tech sector)
- FED Interest Rate Decision December 14th

I am anticipating a long term sell-off in the $NDX based on the above information but I currently do not have a position.

Near term target 4650 (Neckline). It will be interesting to see if the FED hikes rates this will push most US indices lower. But again the chances of this are now below 50%. The disconnect between $RUT $DJI $SPX and $NDX is very interesting - sitting on hands for further information.

EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out