NASDAQ 100 Goes Bearish
"My trading setup for the NASDAQ 100 has flipped to bearish. This is because the "dumb money" large speculators have suddenly gone from being heavily net short in their futures and options positions to a historically extreme net long position as a percentage of the total interest, according to today's data from the U.S. Commodity Futures Trading Commission." Alex Roslin
IBD reports 2 distribution days for nasdaq in last several weeks. A 50% retracement of the latest rally would be to the 1806 level.
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3 comments:
Good stuff, Paul.
I enjoy the blog and appreciate the link as well.
Cheers,
-Bill
Hi Paul,
Thanks for including my post on your blog and for the link up top.
Best regards,
Alex
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