NDX:
Our expectations: Downward trend - lower peaks, at the moment the price is under diagonal resistance that allows us to take short position on the market
Alternative scenario: If the price passes over the diagonal resistance, new upward impulse is possible
Comment: Fake break of 50 and 200MA and of diagonal resistance
Price Action: Engulfing Bearish Bar - Probably falling
50/200SMA: 50 crosses 200 from top to bottom - negative signal
CCI: passes under 0 - negative territory
SL: 5875
Trader I. Ivanov
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