Squawk / 12 October 2016 at 8:32 GMT
partner and technical analyst / 3 c analysis
United Kingdom
NASDAQ - yesterday's bearish reversal (following a fresh all-time top at 4901.5 on the DEC'16 contract) has ended a sequence of higher weekly lows and formed an Island, a 3 day pattern of trading which often signals the switch from bullish to negative sentiment. Futures have bounced from the 50 day average rate, but signals have switched from buying dips to selling rallies.
12 October
tcat tcat
thx will keep that in mind as I prefer shorting to longing
12 October
miros13 miros13
Good morning Steve, what levels are you expecting today ?
12 October
Steve Lucas Steve Lucas
hi guys - I'm small short, looking to sell rally at 4860.0...targets 4782.5, the 3 week low, 4745.0 Sep 15th base....but trying to keep this longer term as also nice potential topping pattern in Dow (Head & Shoulders)
12 October
tcat tcat
Sorry I dont see the HS pattern on the Dow which time frame?
12 October
Steve Lucas Steve Lucas
weekly - right shoulder being a bit extended
12 October
DudetteUK DudetteUK
thanks Steve
12 October
tcat tcat
thanks steve

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