Índice Nasdaq 100
Actualizado

Are we over extended again already?

236
According to the weighted average envelope, yes. the 4 hr chart looks like it has retraced to a trend extension of fib and the central weighting of volume and averages that it is selling off from this squeeze. the nasdaq daily candle has a wick suggesting the intraday has been used for profit taking, and a continuation of the weekly downtrend could be likely, even if we have 3 bullish weeks in a row including this one.
Nota
ive drawn a volume box around this trend, and ive taken all the volume averages of the price and weighted them to that move
imagen
im looking at these levels with a rsi/supertrend and trama strategy that takes the averages and weights them to that move
Nota
gap has closed, market is overselling and we should bounce to the trend nav
imagen
Nota
what do these divergences tell us about inflection in added risk environment?
imagen
the trend overall is down, but the intermediate technicals are supressed yo the upside
Nota
nasdaq has bounced, and is setting a lower high
should resume selling towards close
Nota
nasdaq could close gap, and remain diverged
imagen
would remain sell along these lines according to long algo

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