After being oversold, the market finally bounced on Monday. However, this bounce doesn’t fix all the issues in the overall structure of the market. I’m expecting the bounce to fizzle out and for the Big 3 Squeeze to show lower timeframe sell signals. That will be my trigger to reload the short and ride the market lower.
Keep up with me on Twitter, where I post constant updates on what the Big 3 Squeeze is showing me and other market analysis like the Tweet below on $NQ!
Good morning, traders 🌤️
Bounce in futures this morning, but problems continue to develop in the signals, in favor of the bears.
As of this morning, $NQ_F weekly has lost buy signal (April-last week) and is now printing daily sell signal.
Translation: careful buying this dip pic.twitter.com/BV1HiOs3iX
— Taylor Horton (@taylor_horton24) August 21, 2023
Stay Focused!
Taylor Horton
