Stocks to tumble
$E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$ bear attack, the huge short is coming coupled with russian rockets
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jerrick_woo OP : Signal confirmed, fake out pump follow by massive short
102235596 : So you think spy and QQQ will dump today?
jerrick_woo OP 102235596 : They all move coherently, if there’s a major short. All SPY QQQ to go down/up
Fat Veg 7890 jerrick_woo OP : What do you mean? Current ND hilding at 13800 ish is a fake squeeze and will not hold?
jerrick_woo OP Fat Veg 7890 : Will see in an hours time, Nasdaq pre market help you determmine if downtrend gonna come
jerrick_woo OP : Seems like first phasse started, traded below EMA50
Your Average Trader jerrick_woo OP : Not necessarily. Take yesterday or Jan 24th's move for instance. Both were down a lot at open but came all the way back.
jerrick_woo OP Your Average Trader : We will see the market sentiments, but a short risk reward is simple too high to ignore
Fat Veg 7890 jerrick_woo OP : Hi, yesterday premarket was down for Nasdaq. But once market opens it rebounded. Thats why i am confused.
Your Average Trader Fat Veg 7890 : Like Jerrick mentioned to my reply its a guage of sentiment. Dosent necessarily dictate the intra day move. Pre market can be highly manipulative due to low liquidity but can still present good indicator for levels to play intra day e.g with yesterday's $Invesco QQQ Trust (QQQ.US)$ the 7th minute opening candle broke pre market highs at $323 + 3x previous mornings traded volume in the same time frame clearly showed strength. That was why I hedged against my shorts yesterday, seeing the strength which I thought were some dip buyers + short squeeze. But yea I was not expecting the strength to continue throughout the day (based on my fundimentals) even though I should have (based on my technicals).