The 22 and 26 of november I have started to short the Nasdaq100.
On the 26 all my technical indicators turned bearish.
December the 3 the N100 has lost 7.3% from his previous high, and went widely below the -2DS of the Bollinger Band.
Surprisingly between the 6 and the 7 the N100 took +1.78%. That's the biggest up-gap since march. Moreover in a bear market...
When it comes to fundamental analysis, nothing big happened (only some good news for the chinese market and the fear of Omicron fading, cf Barron's...)
And now all my indicators turned bullish...
Without touching the support (first time for more than a year).
I would advice to buy if the market cross the previous level that it failed two times to go over.
Or even to buy now...
The risk-reward would be between 1.5 and 2, not so much unfortunately.
The blue resistances are the previous ones. The black the current one. And the orange could be the next...
My indicators of a bull market, all fully activated:
SAR, MACD, Premier Stochastic Oscillator and Squeeze Momentum.
On the 26 all my technical indicators turned bearish.
December the 3 the N100 has lost 7.3% from his previous high, and went widely below the -2DS of the Bollinger Band.
Surprisingly between the 6 and the 7 the N100 took +1.78%. That's the biggest up-gap since march. Moreover in a bear market...
When it comes to fundamental analysis, nothing big happened (only some good news for the chinese market and the fear of Omicron fading, cf Barron's...)
And now all my indicators turned bullish...
Without touching the support (first time for more than a year).
I would advice to buy if the market cross the previous level that it failed two times to go over.
Or even to buy now...
The risk-reward would be between 1.5 and 2, not so much unfortunately.
The blue resistances are the previous ones. The black the current one. And the orange could be the next...
My indicators of a bull market, all fully activated:
SAR, MACD, Premier Stochastic Oscillator and Squeeze Momentum.
