Nasdaq - Continuation Short Setup!
Equities lost ground last week, as earnings
reports from major US banks and other large
US companies didn’t inspire a lot of confidence.
This week sees some of the FAANG
companies report – with Facebook, Amazon and
Alphabet in the lineup of earnings reports.
Bellwether Caterpillar also reports so the
forward guidance from these companies will
shape expectations for the global economic
outlook in the second half of 2019.
We like shorting through the continuation
levels today, during the US cash session.
reports from major US banks and other large
US companies didn’t inspire a lot of confidence.
This week sees some of the FAANG
companies report – with Facebook, Amazon and
Alphabet in the lineup of earnings reports.
Bellwether Caterpillar also reports so the
forward guidance from these companies will
shape expectations for the global economic
outlook in the second half of 2019.
We like shorting through the continuation
levels today, during the US cash session.