A very rare death cross - the 200/500 day is about to pass. NDX has only had 2 bearish crosses since 1991 and a BIG clue that this is a very serious crash unfolding.
Also its rare even for NDX to even be under the 500MA for any more than a dip. This is the first time since 2009.
Notice the 500MA perfectly captures the retracement top.
Its a great time for shorters.
Not advice.
Also its rare even for NDX to even be under the 500MA for any more than a dip. This is the first time since 2009.
Notice the 500MA perfectly captures the retracement top.
Its a great time for shorters.
Not advice.
Note
This is not a recommendation to short. It can be risky and there are plenty of pitfalls. Trading with defined risk can be preferable.Note
Mid term bias now switching to bullish it looks like a decent bounce is on. Then there will most likely be great shorting opportunities again, but for now its long tech, long crypto.
Your FA guru can't read a chartðŸ’
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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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.
Your FA guru can't read a chartðŸ’
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
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.