Nasdaq re-short update - wait for moving average convergence

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.

Trade closed manually:

Looks like our short case failed.

Trade active:

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

Comment:

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

Comment:

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