Probably no need to watch anything but NQ right now, the market
won't go up without NQ leading the way first.
Posted 20 September 2020 - 06:21 PM
Probably no need to watch anything but NQ right now, the market
won't go up without NQ leading the way first.
Posted 20 September 2020 - 08:28 PM
Prediction for Monday.
From a volatility perspective, we are likely to see a 3-4% move in either direction in the Nasdaq the first two days of next week. Unfortunately we are still in a downtrend. The correction we have in the SPX is 8.2%, the largest since the COVID lows. I personally think we'll see a bounce of at least 2% higher here (Nasdaq). If you're looking to get short, 2% higher on the Nasdaq might be a good location IMO. If the market holds marginally lower from Friday I'll likely attempt longs with a tight stop loss.
"When your position is underwater, average down" - Professional Trader
Posted 20 September 2020 - 08:59 PM
I am shocked to see that the Fed is not pumping up futures at this time on Sunday night.