An intraday short opportunity for Nasdaq
Nasdaq is showing weakness amid extremely weak market breadth: the entire market was driving higher on almost one stock: NVDA. That's an unhealthy situation, all other sectors except tech sector are stagnating, so we may consider placing a short trade if a small trading range appears on the intraday chart, as displayed.
The recent parabolic move upward is probably the last in a row and market may be ready to a deeper correction.
The false breakout is a preferred strategy in this case.
DYOR and manage your risk at all times!
The recent parabolic move upward is probably the last in a row and market may be ready to a deeper correction.
The false breakout is a preferred strategy in this case.
DYOR and manage your risk at all times!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.