So, is it bullish? yes, does it have a massive downside potential? also yes.
Looking at VXN, which is weak bullish, might be a sign to not buy it yet as NQ has a potential of 2% drop today, but is consensus anticipating this and going to short? may be, and if that happens, we might see nasdaq sky rocket from here. Like I said, I'm not smart enough to know all the whereabouts of econs, my passion lies in risk managing and I'm not going to buy into NQ just yet.
Good luck today.
PS. Each box span a day, and the code gives short term and long term trends as shown. the trend is shown with the color of the box. The range is calculated on a daily basis.
If you want similar ranges and trends on your ticker, feel free to contact me, I will add them to my list and provide them when the signal is interesting (for free of course)
Redd
Looking at VXN, which is weak bullish, might be a sign to not buy it yet as NQ has a potential of 2% drop today, but is consensus anticipating this and going to short? may be, and if that happens, we might see nasdaq sky rocket from here. Like I said, I'm not smart enough to know all the whereabouts of econs, my passion lies in risk managing and I'm not going to buy into NQ just yet.
Good luck today.
PS. Each box span a day, and the code gives short term and long term trends as shown. the trend is shown with the color of the box. The range is calculated on a daily basis.
If you want similar ranges and trends on your ticker, feel free to contact me, I will add them to my list and provide them when the signal is interesting (for free of course)
Redd
