Bearish Trend Continues on NASDAQ
IXIC was up 1.87% on 9/14. However, the day followed a bearish trend line. In addition, the bearish trend that started on 9/3 continues. If the bulls cannot reverse the trend, then we can expect a 2-3% drop on Tuesday, or a more severe drop later this week as support deteriorates.
SQQQ volume and PCC Call/Put ratio still shows a general downward expectation in the market. It's a good time to raise cash, hedge, or make bearish bets depending on your appetite for risk.
SQQQ volume and PCC Call/Put ratio still shows a general downward expectation in the market. It's a good time to raise cash, hedge, or make bearish bets depending on your appetite for risk.
Website: drewby.com
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
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