Sunday, August 12, 2018

NDX100 repeat of sharp 12% Correction from late Jan/ early Feb'18?

NDX100 Daily Chart @ Close Friday 08/10/2018
History about to repeat as the NDX100 plots similar Daily Chart Pattern to that witnessed post Jan 26 2018 Highs & subsequent 12% Correction?
IF SO; then a Tactical Short Trade @ the the Gap Fill (7458) with a Stop/ Loss @ Daily Close > 7511 (~1%) Record Highs with Downside Target Potential circa 6600 (~12%+) & 6790 (200 SMA) = Superior Risk/ Reward dynamics. We think so.