What is good boys,
NQ is currently presenting a bearish PO3.
I'm expecting roughly a 1,000-point expansion lower into the technical target (TT).
What makes this setup even more interesting is the confluence coming from NVDA.
NVDA is simultaneously presenting a distribution structure, adding another +1 to the bearish NQ thesis given its heavy influence on the index.
If the PO3 delivers, the expansion could get aggressive.
Two charts. Same message. Now we wait for price to deliver.
NQ is currently presenting a bearish PO3.
I'm expecting roughly a 1,000-point expansion lower into the technical target (TT).
What makes this setup even more interesting is the confluence coming from NVDA.
NVDA is simultaneously presenting a distribution structure, adding another +1 to the bearish NQ thesis given its heavy influence on the index.
If the PO3 delivers, the expansion could get aggressive.
Two charts. Same message. Now we wait for price to deliver.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.