mortdiggiddy

Short $QQQ $NAS100 Tech after blowoff growth/value top

Corto
mortdiggiddy Actualizado   
CME_MINI:NQ1!   Futuros NASDAQ 100 E-mini
NQ is plugging in a potential MAJOR top off multiple resistances and overbought conditions. Pay close attention to what comes next, it could get ugly fast.

We could be forming an inner Head and Shoulders top, which will generate possibly another outer Head and Shoulders top.
Comentarios:
SPX500 futures are sitting on the 200 DMA, 50 WMA, and the 52 week volume profile Point of Control (POC).

Comentarios:
Nasdaq 100 futures topped out this week on the Year Camarila R4 + Month Camarilla R4. This is a HUGE level from 10136 to 10241.

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DJI election year seasonality for the previous 9 elections show that today and into Monday show a big selloff, we are possibly having one of those "re-alignment" events for the descent into the end of June selloff.

There are huge bond rotations happening right now out of pension funds growth stocks and into long maturity bonds.

Comentarios:
30Y Bonds exploding higher

Comentarios:
This trade may be invalidated. The selling may be over before we flip to bullish in the seasonality trade. NQ is being driven back up hard.
Comentarios:
In order for this trade to work ES SPX futures is going to have to break through

1. 200 DMA
2. 50 WMA (white thick dots)
3. 52 Week Volume POC (thick red line)
4. 21 Day Lowest Close
5. Year Camarilla S3 at 3006

This is a massive level here not easily broken.


Comentarios:
This trade manually closed at the surge down to weekly Camarilla S3 circled. I won't go against the normal election year seasonality.
Comentarios:
Operación cerrada manualmente

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