NASDAQ 100 Index of US listed shares GONE SHORT
Sentiment changed at the end of last week and that sets up for a renewed run in equities. But just how strong will this move be?
The chart does show the RSI in technically overbought territory. But there is a saying in technical analysis, overbought can always get more overbought.
*Tensions with North Korea still simmering despite diplomacy talk...
*New missile test comes after Trump warns of conflict...
*etc...
Overall Gone SHORT and jet again with no SL as there is always option to hedge if upwards direction continues for period X. Eventually looking for previous SwingLow where TakeProfit is devided into three Strong S/R areas TP1, TP2, TP3 (close to swing low).
Enjoy the Ride
Sentiment changed at the end of last week and that sets up for a renewed run in equities. But just how strong will this move be?
The chart does show the RSI in technically overbought territory. But there is a saying in technical analysis, overbought can always get more overbought.
*Tensions with North Korea still simmering despite diplomacy talk...
*New missile test comes after Trump warns of conflict...
*etc...
Overall Gone SHORT and jet again with no SL as there is always option to hedge if upwards direction continues for period X. Eventually looking for previous SwingLow where TakeProfit is devided into three Strong S/R areas TP1, TP2, TP3 (close to swing low).
Enjoy the Ride