Weekly update, 07.04.2018. SPX, NAS

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Intermediate term update this time, using Daily, Weekly and Monthly Timeframes, on the major US equity markets using the Nasdaq E-mini futures index.

Stay tuned! There should be more to come


Just remember:

The information of this post is ”general advice only” and does not take individual circumstances into account so do not trade or speculate based solely on the information provided. By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.

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ملاحظة

If you remember, on the video I made last week, I mentioned that the Risk-Reward ratio was not really good from where the market was by that time. However, now the situation has changed. In a supposed event when leg 1 of a zigzag equals leg 2 (black lines) and we set the SL below February lows, we have an R/R of 1:3 . So, one more check into the list of factors that support a possible bullish bounce next week

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ملاحظة

Longs doing well for now!