US Nas 100
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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
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A closer look on the 1hr, we had 2 lower highs and now bulls are getting resistance at the previous support. ảnh chụp nhanh
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^ The larger cyan dash is the 1 month bull TL ~13850. It should get tested shortly, that will be the bull's last hope.
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Notice what happened before the last 2 Sept quad witches
2019
ảnh chụp nhanh
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2020
ảnh chụp nhanh
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This is because of September quad witch. Check my other idea explaining here:
March and Sept quad witch are bear territory

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