I would take a look at the spx daily macd (12,26,9 parameters) .....spx retesting 2950 and the daily macd crossing its moving average to the downside is to me confirmation that the next leg down has started. It won' t be fast and furious like the first one, rather slower in comparison, but it will bring the spx down to new lows.
nasdaq 9100 and...
Started by
andr99
, May 07 2020 12:18 PM
12 replies to this topic
#11
andr99
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Posted 08 May 2020 - 01:37 AM
forever and only a V-E-N-E-T-K-E-N - langbard
#12
K Wave
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Posted 08 May 2020 - 09:44 AM
NDX 9200 and still no sign of any crack in the BIG 5 other than AMZN. (and AMZN attempting to re-engage upside)
When the BIG 5 finally do start to stall, then might be time to try a short.
Most likely somewhere between 9200 and 9400 area...if we clear 9200, then complete gap fill would become more likely...
Edited by K Wave, 08 May 2020 - 09:45 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#13
andr99
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Posted 08 May 2020 - 10:22 AM
I meant 9100 nasdaq, the index, not the future nor the nasdaq100 index. Right now nasdaq is 9082, still below 9100
Edited by andr99, 08 May 2020 - 10:22 AM.
forever and only a V-E-N-E-T-K-E-N - langbard
