EUPHORIA ON NASDAQ

The indices reacted very optimistically to the labor market data and a possible pause from the Fed.

The NASDAQ has approached its recent maxima and all indications are that it will attack the KIJUN line on the monthly interval.

I now expect a short correction - KIJUN/TENKAN H4 - and then an attack towards the top.

I will change my stance only after the slide to the area of 13000, and then I will go back to short trading.

Comment:

It seems like indices have problems to push further and NASDAQ stops at smaller resistance. I jumped on SHORT on DJ30 and and from now on nasdaq only observe status.

Comment:

Out of SHORT on DJ30. NASDAQ detached from the rest and going up alone. Only daytrading/scalping there (upside); nothing more. Waiting to signal to big fat short, probably from KIJUN LINE on MN1

Comment:

NASDAQ touched KIJUN on MN1. TARGET REACHED.

P.S. I placed line on the chart above a little to high.

Trade closed: target reached

Comment:

I'm waiting for a signal to SELL.

Right now iis high volatility because of debt ceiling talks.