Looks at how many times we've flipped at that yellow zone.
Past price action tells us a reaction is likely there.
Looks like we're hitting a wall.
If we can break through this zone, we'll push to new highs.
BUT,
The upward price action looks corrective to me.
C wave extended 1.382 of the A wave.
Bearish Bias remains.
Buying the SQQQ. Stop loss if the NDX breaks above 13,850 or so.
Past price action tells us a reaction is likely there.
Looks like we're hitting a wall.
If we can break through this zone, we'll push to new highs.
BUT,
The upward price action looks corrective to me.
C wave extended 1.382 of the A wave.
Bearish Bias remains.
Buying the SQQQ. Stop loss if the NDX breaks above 13,850 or so.
