US Nas 100
숏
업데이트됨

NAS due for pullback

486
NAS is looking like an exhausted impulse wave on the macro fibs, with an ending diagonal. Daily dojis and bear hammers near the 2.618 fib, 15k. RSIs overbought, hidden bear signal on OBV. We're also near the top of the 8-month bull channel, ~15250, so Risk/Reward for bulls is low here.

Also considering the DIX and GEX: squeezemetrics.com/monitor/dix GEX already peaked and DIX is turning the corner, which usually precedes corrections. GEX peak means price action has stalled in options. DIX peak means dark pool activity is at all time highs.

I'm still bullish mid-long term, but we should at least see a pullback to the 1 month VWAP(white) around 13750. Stop loss around 15k. Will re-short around 15250 if it gets that high.

Position: SQQQ @ $8.37
노트
A closer look on the 1hr, we had 2 lower highs and now bulls are getting resistance at the previous support. 스냅샷
노트
^ The larger cyan dash is the 1 month bull TL ~13850. It should get tested shortly, that will be the bull's last hope.
노트
Notice what happened before the last 2 Sept quad witches
2019
스냅샷
노트
2020
스냅샷
노트
This is because of September quad witch. Check my other idea explaining here:
March and Sept quad witch are bear territory

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.