Trend day down again, similar to Monday’s session, with few bounces that were shorting opportunities. Our Trend Day indicator once again called the action at 10:15 am and if you only took a short on this indicator at that time you would have bagged 20 SPX points by the close. $ Weighted Buying Pressure trended […]
Downtrend Confirmed Read More »
Negative breadth after a consolidation day may have just confirmed the downtrend that started on Monday Nov 9th. Markets dropped immediately off open, and rallied back midday, the Nasdaq actually making a new intraday high, the only index to do so, but later failed and closed back at lows. Down volume in Nasdaq stocks was
Negative Breadth may confirm new downtrend SP500 NQ100 Read More »
Bearish trend day today confirmed at 10:15am ET and indexes dropped all day, with the typical for a trend day small retrace starting at 3:30om as short term shorts started to cover. Internals were bearish accross the board. Expectations for overnight and premarket trade tomorrow is for further retrace upwards to key resistance levels, on
Bearish Trend Day Down Read More »
Topping trade action and technicals on the Nasdaq 100 index, as shown here by QQQ ETF chart. Look to short any small rally higher on monday morning off open for at least a 1-2 day swing trade lower, target 100 NQ points off the recent high, 4620-30 zone.
QQQ Nasdaq Topping Read More »
