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OK guys and girls. 3345 at time of writing.
Taking profits here. Elliott theory of 5 waves in in confluence with this.
Nasdaq 100 now has had alignment of three tops, so risk of off for now. Make your money and keep it. Don't give it back to the beast.
After first wave up, we usually see a deep retracement, so 3340-3360 would be in my mind where I'd be looking to pick it up again. 3340 should have a good amount of support. It needs to be played by ear however, just like any trade.
Good luck going foreward!
Taking profits here. Elliott theory of 5 waves in in confluence with this.
Nasdaq 100 now has had alignment of three tops, so risk of off for now. Make your money and keep it. Don't give it back to the beast.
After first wave up, we usually see a deep retracement, so 3340-3360 would be in my mind where I'd be looking to pick it up again. 3340 should have a good amount of support. It needs to be played by ear however, just like any trade.
Good luck going foreward!
I'm expecting this to continue. A tiny retracement for the end of the day (look up my SPX idea) for a day trade.