An intraday short opportunity for Nasdaq

21 มิ.ย.

Nasdaq is showing weakness amid extremely weak market breadth: the entire market was driving higher on almost one stock: NVDA. That's an unhealthy situation, all other sectors except tech sector are stagnating, so we may consider placing a short trade if a small trading range appears on the intraday chart, as displayed.

The recent parabolic move upward is probably the last in a row and market may be ready to a deeper correction.

The false breakout is a preferred strategy in this case.

DYOR and manage your risk at all times!