SELL NAS

12 Mei 2022

I wasn't going to post this trade but I'm sure people are confused with the direction of nas. Indexes are very bearish and I believe this is the start of a more significant pushdown. Nas just rejected 12100 confirming once again a lower high. Influencers are surviving off of hope and fear and are heavily pushing buy the dip. There's nothing wrong with buying the dip, but you shouldn't buy dips in a downtrend (unless you're comfortable losing what you put in) *Trading-wise at least*. Nevertheless, We should be seeing lower prices on all indexes in the coming weeks, DXY just broke out of a 20-year high and doesn't seem to be slowing down. As for crypto it historically seems to follow the dow so I expect shorts to keep following through. https://www.tradingview.com/chart/uweGGqqs/