NASDAQ looking like a nice rib for the pickingWhats up guys haven't posted for a while, been too busy getting everything right in the markets.... kidding
Seriously though things have been fun the past couple of months and can complain with work. on to the markets...
There has been a nice bounce from the lows that looks to be coming to an end and the resume to the downside looks imminent.
The accumulation and resistance (purple) zone has been a good area to watch the the pivots in price movements alongside with rejections of the 15 day EMA
As you can see there is a gaping ascending channel that this has formed along side a double top highlighted in the white circles. (very nice)
All in all the macro landscape is not looking shabby with the movement in the 10 year yield making things exciting, not to mention all the other fun stuff going on.
This has been my road map watching the movements and seeing where it's heading to place trades accordingly.
channels and wedges channels and wedges
Thats all folks.
