Personally I enjoy trading the NASDAQ more than the SPX or its derivatives.
The NQ will let shorts out - added volatility creates bigger ranges for swing trading.
What really matters is the NASDAQ is respecting Points of Control and Gaps more than the Spoos. The S & P still has three unfilled gaps from August the NDX has none!
Todays price action was nothing more than house keeping. Forget about valuations if your trader - none of that makes sense. Price action make sense - and that's exactly what we saw today.
We stopped right at the bottom of a gap created a couple weeks ago, and rallied hard from there - over 600 points. Stocks aren't crashing - we just got to the bottom of a channel quickly - posted below.
Whats next? Is that a gap overhead?
The caveat to all this is a news bomb - but right we just playing back and forth inside a channel.
The NQ will let shorts out - added volatility creates bigger ranges for swing trading.
What really matters is the NASDAQ is respecting Points of Control and Gaps more than the Spoos. The S & P still has three unfilled gaps from August the NDX has none!
Todays price action was nothing more than house keeping. Forget about valuations if your trader - none of that makes sense. Price action make sense - and that's exactly what we saw today.
We stopped right at the bottom of a gap created a couple weeks ago, and rallied hard from there - over 600 points. Stocks aren't crashing - we just got to the bottom of a channel quickly - posted below.
Whats next? Is that a gap overhead?
The caveat to all this is a news bomb - but right we just playing back and forth inside a channel.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.