NDX monthly candle has confirmed the trend will continue to the downside and having previously been open to the possibility of a significant bounce, now its all bearish.
This monthly candle with long upper wick shows heavy selling pressure and what it reveals is that another wave down is coming.
Cleaner MAs on SPX that is the dominant index, but anyhow the star has printed to reject below the MA here that was support in that past.
Minimum NDX gets to $9k from here without any significant bounce and who knows maybe much more.
I am long nothing and will consider no longs in any market in these conditions. I am 100% net short.
I cover both NDX and SPX but since they are similar not always both. If no NDX look to SPX.
Not advice.
This monthly candle with long upper wick shows heavy selling pressure and what it reveals is that another wave down is coming.
Cleaner MAs on SPX that is the dominant index, but anyhow the star has printed to reject below the MA here that was support in that past.
Minimum NDX gets to $9k from here without any significant bounce and who knows maybe much more.
I am long nothing and will consider no longs in any market in these conditions. I am 100% net short.
I cover both NDX and SPX but since they are similar not always both. If no NDX look to SPX.
Not advice.
I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group ð§
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focusðž.
$50 per month ððŧ.
Contact: t.me/dRends35
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focusðž.
$50 per month ððŧ.
Contact: t.me/dRends35
