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.

Update:
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.