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AndyM
Apr 6, 2016 8:25 AM

Nasdaq shorting opportunity Short

US 100 IndexFXCM

Description

I think this can be a good entry for a short position.

Comment

NAS is still trying to get to a new top, with a non-confirmation in SPX. One thing I didn't look at was there was no divergence at most recent peak on 4H chart. That would suggest another strong push upwards, which I did not anticipate.

I bought some June puts @3900 anyway - will see if I can add to my position today.
Comments
IvanLabrie
Same view, matter of time before it drops.
IvanLabrie
I was looking at it, figured it could be a terminal triangle.
Let's see how it goes, I'm in with a wide stop.
diamondekk
possible bat for better entry:
diamondekk
nice;-) thank you!
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