nasdaq

Short NDX between 7430-7530 T1: 7200 T2: 6960 SL: 7645

Details on chart.

NASDAQ MARKET WILL CLOSE 7900 IT WILL TOUCH 8166 SL 7800 THEN I EXPECT HEAVY CORRECTION

NASDAQ 100 weekly chart study NDX

NASDAQ 100 (NDX) is overbought on multiple time frames, including daily charts. The multi month bullish trend feel exhaustion and nice short setups with good Reward to Risk ratio start to appear. This time shorting from US market open levels with Reward/Risk of 1.20.

For Last 2 years NiftyIT is in a pattern where it Falls then Retraces 0.618 then moves back to 1.27 extension of the previous fall, Currently Nifty IT is at a very crucial point as it is at 0.618 retracement and at a long term downtrend line... Shorts can be made for the targets of 8800...

* Bearish AB=CD * Probably false breakout * Divergence on Stochastic > Test of ~4750 on cards > View negates above 5K

Nq has made if new high 4961, but it has fail to make new high for last three day also EWO has not made new high. so this is may be false breakout in nq, we can shot this counter with SL 5000 on closing basis.

AAPL is @ crucial support one can buy @ this level 112.00 stop-loss 111.70 target 114.80