Last post: May 29th. See chart.
Review: Price was trading just below resistance. A break and close above was required to suggest a bull trend continuation.
Update: The break and close was confirmed by the close of trading yesterday.
Conclusion: A bull trend continuation is now required to give confidence in the next bull run in stocks.
Any comments or...
Nasdaq 100, bearish pullback?
The Nasdaq 100 I think is completing the pullback of the last breaked
bullish trendline (red dotted line)
I would go with a multiday short
under 5560 with target 5538
and stop 5715
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...