if were seeing vwma continue lower into the vwap channel and we resist at those levels the picture is still quite bearish for nasdaq futures daily. we could rally a few days and lose support, or we could stay bound in this attempt at a bottoming range and falter after some sideways movement. ont thing is for sure bulls still have a lot of proving to do, and theyre going to want to do it quick.
Trade closed: target reached:
this is an appropriate place to close short