Nasdaq re-short update - wait for moving average convergence

Instead of waiting for the full retracement to the green line, I believe now that we will chop until the red and yellow moving averages converge (aligning our trade idea with the time til FOMC decision). I recommend not entering any trades until this convergence.

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Looks like our short case failed.

Сделка активна:

I may have jumped the gun with that last update... The candle breakout was false and our short play is still in tact.

Комментарий:

Price is bouncing downwards... very possible we can revisit February lows.

Комментарий:

Expect to chop until tmrw before further drop. Protect your profits with stops.