From TradingView · · 1m 30s
A week-long short call on the Nasdaq 100
A TradingView trader lays out a bearish NAS100 case built on one broken trend and one support reaction.
In brief
A TradingView trader lays out a bearish NAS100 case built on one broken trend and one support reaction. The whole thesis rests on two chart events: a major trend break and a reaction at strong support. Judge the setup on those, not on the conviction. Originally reported by TradingView.
Short the Nasdaq, all week
Trader natro301 posted a short idea on NAS100, the US 100 Cash CFD, and plans to hold the bearish bias for the full week rather than scalp it.
“Looking to sell on nas100 for the entire week”
The trend line broke
The first half of the case is structural. Price cut through a major trend, which flips the prior direction from support into something to sell against.
“It has broken a major trend”
It reacted at support
The second half is a reaction at a strong support level. That bounce is what gives the setup a place to sell from instead of chasing price lower.
“and reacted on a strong support”
Two lines, one thesis
The idea is tagged support and resistance, trend analysis, and trend lines. No fundamentals, no earnings, no macro. Pure price structure.
Posted, not proven
The chart drew 76 reactions in a day. Popularity on a trading platform measures attention, not accuracy, and the position has not played out yet.
Not financial advice
TradingView states plainly that published ideas are not advice or recommendations it supplies or endorses. Treat this as one trader's read, and size accordingly.
“The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice”
At a glance
The whole thesis rests on two chart events: a major trend break and a reaction at strong support. Judge the setup on those, not on the conviction.
