Market Makers' Bias: -Fund Managers are currently holding net selling positions and signaling a bearish divergence on the Weekly price chart.
The last time Fund Managers showed net buying positions with a bullish divergence, the market rallied for an entire week afterward; Now a bearish divergence
Additional Fundamental Bias: -The Nasdaq appears overvalued relative to U.S. Treasury bonds, suggesting that tech stocks within the Nasdaq Index, such as #AAPL, #META, and #GOOG, may be similarly overvalued and likely to experience a downturn.
-We also have Price gaps, they normally act as a magnet to be filled.
Technical Analysis portion: -We are just hit the weekly covered daily Supply zone, price could be ready for a bearish move now. -Opposing gap zones and Demand zone can be your potential profit target.
OTHERS: >Scalpers can ride the bullish trending week >Long term traders can position for a Sell for next week or position a Long trade at Supply for a retest.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.