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HBtrader22

Short US Equities. The Dead Cat Bounce is Over.

Short
NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
HBtrader22  
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Support and Resistance Supply and Demand Double Top or Bottom SQQQ downtrend Bearish Patterns dead-cat-bounce usmarkets
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supportandresistance supplyanddemand doubletoporbottom sqqq downtrend bearish dead-cat-bounce usmarkets
The market entered an important zone of resistance, formed by important support levels in the past. It is also failing to break through the 180 MA, where it has been rejected many times during this recent downtrend. We have also formed a double top, with bearish divergence shown on the RSI. As soon as we break resistance at 6530 with force, it will be a good short opportunity. I believe this was the completion of the dead cat bounce in the recent days, and we should now see a continuation of the downtrend. I will be playing this through SQQQ .
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