Looks like its a good time to buy NFLX with NDX having a strong bounce and NFLX recording its lowest weekly RSI reading ever and printing a first bullish candle on the daily since the second gap down.
Stop loss below the low.
Good chance that second gap gets a repair and fills I think.
Stop loss below the low.
Good chance that second gap gets a repair and fills I think.
Note
Exited immediately due to SPX shakeout reversal. Will assess again as things develop.
Note
NSXUSD holding fine overnight and there is an up gap to fill in NDX, also DXY appears to be topping so this call should be fine as described.Note
I didnt re-enter and went short SPX. I'm still at the learning stage where I can be changing my mind a lot at the critical moment as PA develops so do check in on my index threads if of interest. I mostly chart SPX but I will chart NDX more in future in consideration of tech calls, however they do move similarly most of the time but with differing volatility.Note
Press play and see the daily engulfing candle thwarting the bullish case. This is not a buy as NDX is now very bearish again.
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Your FA guru can't read a chart💭
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
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.