$SKHYNIX shorting positions keep holding on; let’s see if the short-term previous low can break. If it can, then we’re looking to short the move into the downward midline. The upside limit of this rebound is no longer quite enough—shorts have a much higher payoff ratio.
$SNDK has also reached the area of short-term resistance. After breaking out of the trading range, when price keeps pushing up to test that resistance area, it also forms a divergence. At that point, the short setup also becomes more attractive in terms of odds.
Yesterday the Nasdaq index broke to new highs, and that will also encourage some positive capital to join in aggressively. At this level, you need to avoid chasing after gains.
There’s another batch of favorable news coming out: the G6 meeting, US-Iran negotiations—these can further support the short-term uptrend, and then it forms. We’ll watch and analyze. Since the news typically lags the market, we’ll adjust the short-term trading plan based on the current market price action.
#Nasdaq sets a new all-time high
$SNDK has also reached the area of short-term resistance. After breaking out of the trading range, when price keeps pushing up to test that resistance area, it also forms a divergence. At that point, the short setup also becomes more attractive in terms of odds.
Yesterday the Nasdaq index broke to new highs, and that will also encourage some positive capital to join in aggressively. At this level, you need to avoid chasing after gains.
There’s another batch of favorable news coming out: the G6 meeting, US-Iran negotiations—these can further support the short-term uptrend, and then it forms. We’ll watch and analyze. Since the news typically lags the market, we’ll adjust the short-term trading plan based on the current market price action.
#Nasdaq sets a new all-time high
