LagunitaLLC

NASDAQ (04/16/2020) - Double Top!

Short
TVC:NDQ   US 100 Index
FA
+People expect to see another 5 million jobless claims tomorrow. However, this number will be less next week, as jobless claims are peaking.
+Retails reported 8.7% drop in sales.
+Small businesses are having a bad time with paying rents + payrolls.
+Haven't receive a stimulus check yet? Visit: www.irs.gov/coronavirus/get-my-payment

TA
-NASDAQ has formed a double top pattern.
-Squeeze indicator (45 minutes) indicates a high volume, bearish movement.
-RSI formed an "M"
-The bottom finder is stable.
- Overall trend: Bearish.

Good luck.
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