And probably lower, but one step at a time. Friday was a bull trap as I suspected, but believe me last night when they pumped it to 3850 I wasn't happy.
We should get a reaction at open to test that red trendline, but to me that would be an objective short. but there's no reason to think about covering shorts until we hit the yellow structure line again - around 3690 or thereabouts (previous support)
We should get a reaction at open to test that red trendline, but to me that would be an objective short. but there's no reason to think about covering shorts until we hit the yellow structure line again - around 3690 or thereabouts (previous support)
Commento:
larger bear flag was mis-measured, the target is 3560.
Commento:
on QQQ it looks like the correction may be done here, expecting more downside.
