Nasdaq Needs to be Watched..
The force is very strong with the Nasdaq. The gamblers of the 1990’s are at it again now 20 years later.
It’s above a “cup and handle” or a 4 point continuation triangle. Whatever you want to call it. I’m betting it will reverse back down “false breakout style” today or tomorrow. That 200dma is screaming, “HIT ME! HIT ME!!!” HOPE the Nasdaq listens… I’ll reload all in long….
Non-Farm Payrolls tomorrow before the market could do the trick…
I agree with the reversal to the 200 DMA. But after that another bear flag and another drop rather than a return to the old highs. We shall see what the charts do.
Could be right North. Could be…
I could be wrong too, Chuck. It has happened many times. 🙂
Ditto!!!
I’ve learned in making money, it’s how you react to being wrong…. cause it’s gonna happen.
We’re humans…
Looks like a h&s top on the 2hr spy.