Nasdaq - brace for impact
Nasdaq inside the channel started on 2009 lows until today.
Short at 10.600 with TP 9600. Stop at 10.800. RRR 5:1
Catalyst for downside:
- Short squeeze has ended (CoT Large Specs red line decreasing).
- Vix is low compared to March, quite possible to see a spike.
- Stochastic divergences.
- Q2 results.
Catalyst for upside:
- FED
Short at 10.600 with TP 9600. Stop at 10.800. RRR 5:1
Catalyst for downside:
- Short squeeze has ended (CoT Large Specs red line decreasing).
- Vix is low compared to March, quite possible to see a spike.
- Stochastic divergences.
- Q2 results.
Catalyst for upside:
- FED
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