Selling NQ at 11632, risking 1% while can get up to 5% profit gain.
Reasons to enter sell based on my analysis :
1. Forming an rising wedge
2. RSI and SlowStoch indicating divergence (i find that wedge and divergence are pretty accurate)
3. Volume exhaustion
Yet of course, still need to observe the upcoming news next week such as PPI etc.,
If it turns out to rally next week, i will prefer to short again at 118xx to get better confirmation :)
Cheers,
ErwinTampan
Reasons to enter sell based on my analysis :
1. Forming an rising wedge
2. RSI and SlowStoch indicating divergence (i find that wedge and divergence are pretty accurate)
3. Volume exhaustion
Yet of course, still need to observe the upcoming news next week such as PPI etc.,
If it turns out to rally next week, i will prefer to short again at 118xx to get better confirmation :)
Cheers,
ErwinTampan
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