Nasdaq re-short update - wait for moving average convergence

20 Mar 2018

Instead of waiting for the full retracement to the green line, I believe now that we will chop until the red and yellow moving averages converge (aligning our trade idea with the time til FOMC decision). I recommend not entering any trades until this convergence.

21 Mar 2018

İşlem elle kapatılmış

Looks like our short case failed.

21 Mar 2018

İşlem aktif

I may have jumped the gun with that last update... The candle breakout was false and our short play is still in tact.

22 Mar 2018

Not

Price is bouncing downwards... very possible we can revisit February lows.

22 Mar 2018

Not

Expect to chop until tmrw before further drop. Protect your profits with stops.