Bulls like Nasdaq stocks so, I expect this to see a pop and come Friday bearish sentiment will take over. FANG is leading indicator for Nasdaq and that is a leading indicator for S&P. FANG took off Nasdaq will follow and people will realize they are over bought and sell off will occur.
Note
The trade is wait till 108-110 get May puts for 106/107. Stop loss at 112Note
I will cash out when Nasdaq hits 100Note
waiting for higher levels for entry
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.