NASDAQ looks very bad right now. Very nice opportunity to short the market.
Reasons
Second all-time high resistance retest.
Stops taken above resistance.
Bearish RSI divergence on 1W chart.
Beautiful R/R trading opportunity.
Strategy R/R: 2.7 or 3.69 Entry: around 98.66 Stop loss: 106.18 Target 1: 78.05 Target 2: 70.79
Markets look pretty bad in my opinion and we MIGHT be due for a recession or a crash. Possibly a good time to take cash out stocks until we broke above all-time highs and found support there. Please take a look at my SP500 idea as well.
Order avbruten
Closed at break even. Don't like the rejection and might short higher.
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