NQ - Nasdaq Short Playbook for the next weeksIn the NQ, they took out the high and then hit it on the head day by day. It finally stopped below the 1/4 line. If you look closely, you see that this was the slanted zone of Support — just like the slanted Resistance.
"As above, so below."
...write me in the comments who said this already a couple hundred years ago §8-)
The small Modified Schiff Fork tells a story too.
Price reached the Center Line and got rejected. Now it's on its way down towards the small Fork's L-MLH. A break of it would indicate further selling ahead.
And the last bastion is the green support level, which stems from the second-to-last prior confirmed Swing Low.
Beyond this level, it's only a question of time before price hits the Center Line.
And — God forbid — below the Center Line, the Sh...t hits the fan. So you better run... behind price with a decent short trade and ride it down to the Abyss.
No worries, I'm with you §8-)
Happy Monday, folks!
