From TradingView · · 1m 10s
NQ short idea looks for a failed bounce
A TradingView user sees little case for a long on Nasdaq 100 futures, but leaves room for a surprise bounce.
In brief
A TradingView user sees little case for a long on Nasdaq 100 futures, but leaves room for a surprise bounce. The setup is bearish, but the trader frames it as a gamble because a bounce could still appear. Originally reported by TradingView.
The chart is NQ
The post focuses on Nasdaq 100 E-mini Futures, ticker CME_MINI:NQ1!, using a short trading idea posted on TradingView.
“NASDAQ 100 E-mini Futures”
A bounce is possible
The trader is watching to see whether price can bounce, even though the setup does not look friendly for a long position.
“wondering if there be a bounce”
Longs look weak
The author says the long side does not look convincing right now, which sets the tone for a bearish read.
“long it doens look like at all”
There may be surprise
Despite the bearish view, the trader leaves room for an unexpected move. The trade idea is not presented as certain.
“BUT might be a supreise”
The bet is short
The final choice is to gamble on a short position, making this a directional bearish idea rather than a neutral watchlist note.
“ill gamble on a short SHORT ;P”
Advice disclaimer applies
TradingView includes a disclaimer that posts are not financial, investment, trading, or other advice endorsed by the platform.
“do not constitute, financial, investment, trading, or other types of advice”
The short version
The setup is bearish, but the trader frames it as a gamble because a bounce could still appear.
