I would consider this a good opportunity to short the nasdaq according to the risk/reward ratio; we have had the most bullish weekly candle in the market during 2017 and we all know the market is growing thanks to Yellen, even though, we had some bad data during the week (GDP expectations have plunged, terrible retail sales and inflation data, gold is growing, the USD is now at its weakest in 10 months etc...).
On the technical side, we are on a key resistance, we may see the NASDAQ reaching 5880 during this week, but I would bet we will start to see how the index starts to go down.
It's a risky trade with a good R/R.
On the technical side, we are on a key resistance, we may see the NASDAQ reaching 5880 during this week, but I would bet we will start to see how the index starts to go down.
It's a risky trade with a good R/R.
TP: ~ 5710