Price has formed a very nasty HTF Supply formation after faking out the Bulls during todays trading session.
NOW, WE MUST PAY CLOSE ATTENTION.
I am not looking to short just yet due to several fundamental factors
NOW. this is my speculative outlook for the NASDAQ / STOCK MARKET for the months to come headed into the end of the year.
This is our 4TH ATTEMPT TO NUKE OUR 5D Supply.
No go.
We have resting Liquidity @ 6900
NOTE OUR EQUAL LOWS, now imagine the plethora of Stop Losses under these wick lows.
Mid to Long term Speculative target @ 6635 for the NASDAQ.
Price is now under the same S/R area I targeted on Friday for our Short setup. I would like to see this area form LTF Supply for us to short down as well as break trendline.
Patience everyone! We have seen stocks break ATHs all year! Downside is to be expected in these market “Cycles”
Bias flipped for the midterm upon a Successful breach above our RED ZONE / ARROWS.
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