LagunitaLLC

NDX (06/18/2020) - A pullback is expected

שורט
LagunitaLLC מעודכן   
TVC:NDQ   US 100 Index
FA
-New unemployment claims will be announced tomorrow.
-Cov-19 cases are still on the rise with Bejing and India in shut down. New world record on daily cases. South American countries are exploding in cov-19 cases
www.worldometer...fo/coronavirus/?zarsrc=130...
-Major news about Biden on the newest poll survey could be another factor to trigger the drop.
-FED policies are aiming for long-term recovery, instead of positivity about the current situation.
www.cnbc.com/2020/06...bernstein-warns.html
-FED repo and treasury purchasing remain unchanged.
-Housing/Mortgage application data is positive.
tradingeconomics.com/calendar
-New Zealand GDP dropped more than expected.
tradingeconomics.com...w-zealand/gdp-growth

TA
NDX failed to fill the gap at 10070, a reversal took place.
-RSI, Squeeze: bearish
-NAS100 crossed EMA 50,100 and built-in EMA TEST during the future market: bearish.
-NDX will likely find support at the 9800 level.

Trading note: Sold SPY 312.5 call at open and bought some AAL puts 06/19 at the closing.

Good luck and thank you.
הערה:
Bear trap. Go long
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