US 100Short
NASDAQ Below the MA50 (1d) for the first time since November.
Nasdaq crossed yesterday under the MA50 (1d) for the first time since November 3rd 2023, as well as the 5 month Channel Up.
This is a major sell signal as last time it did that coming on a Channel Up (August 9th 2023), it initially dipped to the 0.236 Fibonacci level.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 17450 (Fibonacci 0.236 as well as a little over Support (1)).
Tips:
1. The RSI (1d) has been on a Channel Down / Bearish Divergence since January 24th. Additional strong bearish signal at least for the short term.
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This is a major sell signal as last time it did that coming on a Channel Up (August 9th 2023), it initially dipped to the 0.236 Fibonacci level.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 17450 (Fibonacci 0.236 as well as a little over Support (1)).
Tips:
1. The RSI (1d) has been on a Channel Down / Bearish Divergence since January 24th. Additional strong bearish signal at least for the short term.
Please like, follow and comment!!
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