ParabolicInvestor

Nasdaq Bottom Potential

Long
ParabolicInvestor Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
August 5th wide ranging candle was 2x NTR. Represents extreme selling and likely cannot be sustained.

Gap down on Aug 6 NQ futures indicates further extreme selling readings. Expecting NQ gap down to be somewhat repaired by market open Aug 6 and bottom possibly in place.

Could be dead wrong of course!
Comment:
Meant to say “ATR” (average true range)
Comment:
Retest of bottom here

TLT topped out

Good end to week is likely
Comment:
Good end confirmed.

TLT definitely topped. Stage is set for a large rally.
Comment:
Last NQ gap fill.

Wow, what a choppy bottom.

Likely in place here. Bonds retest top.
Comment:
One final gap down before solid uptrend here I think
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