DayTradeIdeas – Sell Signal in Stock Markets
Short term head & shoulders patterns have formed on Emini S&P & Nasdaq. Emini Dow Jones has broken lower from the recent range.
Emini S&P WE HAVE AS SELL SIGNAL ON THE BREAK OF 3880 targeting 386 & minor support at 3850/40. A break below here targets 3820/10 for profit taking on shorts.
Sell 3880/90 with stops above 3900.
Nasdaq break below 13450 is a sell signal initially targeting 13280/240 perhaps as far as 13100/13000.
Try shorts at 13450/500 with stops above 13550.