On the 30 minute chart of Nasdaq Composite Index, a bearish Double Top pattern has formed.
It is trading below yesterday's close (dotted line) is bearish. The recent market bounce has ended. After the big rally since June 3, the Nasdaq needs a rest. Very short term target is filling gap to 7750. After this level, a normal 38% retracement at 7674 is the next support. Lower supports are shown with the Fibonacci lines. SQQQ is a good short term buy candidate.
在纳斯达克综合指数的30分钟图表上,看跌双顶模式已经形成。交易于昨日收盘价下方(虚线)也看跌。最近的市场反弹已经结束。经过6月3日以来的大涨之后,纳斯达克需要休息。非常短期的下跌目标是填空到7750水平。在此水平之后,正常38%回撤位7674是下一个支撑位。图上的斐波纳契线显示更低的其它支撑。 SQQQ是一个很好的短期买入候选ETF。
This blog follows the US stock market daily. Free market news, market comments, stock charts, stock and options buy/sell suggestions are provided throughout the day.
Tuesday, June 11, 2019
How Low Can The Nasdaq Go Short Term 纳指短期可以跌到那里
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U.C. Berkeley graduated, former electronic/computer engineer turned investment advisor / analyst. In the market 42 years with focus in market timing, learned from experience to trust charts,combine with trend, valuation, news and investors sentiment in making trading decisions,, knowing anything can happen to the market so very flexible to trade both sides of the market. 1992 CNBC/USA Today Investment Challenge professional options division champ with 3 month return of 1125%. In real life trading accomplished 9600% return by trading TZA options in the course of 3 months, doubled account value in 3 months by trading 3X ETFs. Now retired and enjoy trading stock and options daily. On going partnership with Sing Tao Daily and Sing Tao Radios in offering advanced stock and options trading classes semi-annually.
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伯克利加州大学毕业,前电子/计算机工程师转为财务顾问/股市分析师。 在市场42年,专注于参与市场时机。从经验中学到信任图表,结合趋势、估值、新闻和投资者情绪做出交易决策。知道任何事情都可能发生在市场上,因此非常灵活地参与买涨及做空,参与市场的两个方向。 1992年CNBC /今日美国日报投资挑战赛专业期权组冠军,3个月回报率为1125%。 在现实生活中,通过在3个月内交易TZA期权获得9600%的回报,通过交易3X ETF在3个月内使账户价值翻倍。 现在退休,享受每日交易股票和期权。 与星岛日报和星岛电台合作,每半年提供一次深入的股票和期权交易课程。
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