KoosKanmar

Nasdaq 100 E-mini futures. Flat top resistance held

Short
CME_MINI:NQ1!   Futures NASDAQ 100 E-MINI
Some weakness seems to have taken hold in this seemingly "bullet proof" index. Predicting any kind of weakness in this index and acting on it was a futile exercise for many years. A flat top formed on this index and as the saying goes "a flat top causes a drop" seems to be the order of the day for now. A cautious target of 14100 seems like the first support level if weakness continue.

I have a position in $SQQQ to hedge my portfolio

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