NASDAQ Update: Not too bad so far: stops for shorts

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US 100 Cash CFD (FX:NAS100)

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FX:NAS100 US 100 Cash CFD

nasdaq ok whilst DXY IS holding up manage stops

nasdaq ok whilst dxy is holding up manage stops

Nasdaq 100: Has held up really well due to Dollar stabilising - please check DXY comments also as this is the lead indicator right now, if there is one. Need to manage these stops now as per comment and keep an eye on all shorts to see how they hold up...Still believe dollar has further to fall, despite this attempt to rally...but it could be enough to derail the Nasdaq short in meantime if not careful...do not want to see Nasdaq above 5610 if a bear, that's for sure.

Commentaire:

To be precise the spike high is 5612 over to left of chart, so this index must not move above here for bear tack to remain in force - and is a short again with stops just above here at 5615

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