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Expect More Downside to Follow for NAZ


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#1 redfoliage2

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Posted 30 November 2017 - 08:16 AM

NAZ futures bounced a little forming a continuation pattern overnight, expect more dump to follow:

 



#2 redfoliage2

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Posted 30 November 2017 - 11:50 AM

Stealth tech selling actually started Monday.  It paused on Tuesday then a bigger selling yesterday.  It is likely tech selling will resume after the senate vote tomorrow.



#3 redfoliage2

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Posted 30 November 2017 - 01:45 PM

It looks it' going to end up with an inside day bar, a continuation pattern ..............



#4 redfoliage2

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Posted 01 December 2017 - 11:59 AM

If the support at NAZ 6750 holds today I'd cover.  I already cover my shorts at the earlier dip today because my longer term signals are still in Bullish mode...........


Edited by redfoliage2, 01 December 2017 - 12:01 PM.


#5 redfoliage2

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Posted 01 December 2017 - 12:11 PM

I bet SPX will close the day at least break even regardless there will or will not be a vote on tax bill today.  I bought on the dip..............


Edited by redfoliage2, 01 December 2017 - 12:11 PM.