Must be time to short the NQ.

Overnight said:
I went long in Sep MNQ with 3 contracts at 7850.75. Not sure why, but this is a sign that the NQ will now drop at least 10%. Happens to me every time I go long near ATH.

Short it, dude. Fade me and I will make you wealthy.
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We are both Long NQ and my systems are on an upswing. Keep it positive pal...let's make some money!!! :)
 
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dozu888 said:
what's wrong with you bro... your picture is the guy who keeps yelling 'buy buy buy', why all the doom gloom from you?...
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By the way dozu, that's not how I interpret that avatar pic. He's not pounding the table and screaming "buy buy buy". He's just an angry fellow and has fun with it. He's the Howard Stern of financial commentators, and he makes me laff.
 
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fan27 said:
We are both Long NQ and my systems are on an upswing. Keep it positive pal...let's make some money!!! :)
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Are your sure about that? China CPI was flat, now we have GB data coming in like 4-5 hours, and Powell after that.
 
Overnight said:
Did the price action support a 10% drop in NQ on May 5th? It did not. But it happened anyway. Did the price action in NQ support a 20% drop on Oct 3rd 2018? It did not, but it dropped 20% anyways.
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the context seems different - the May 10% drop was proper for the long pull up from Jan... if we drop 10% now, what would be the purpose? (from the perspective of my pro boys, dropping 10% now would only allow more flats to jump on the train, because the May drop already cleaned off the short term speculators from the rise since Jan)... so it doesn't make sense now... plus we have block buster earnings coming up..
 
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