US Market Weekly Update $NDX $SPX $IWM by heyimsnuffles

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· @heyimsnuffles ·
$7.35
US Market Weekly Update $NDX $SPX $IWM
<center>https://mentormarket.io/wp-content/uploads/2019/03/ndx-2.png</center> <br/><p>Well folks, we finally had it. A down week. This is the first down week of the year. We have been up 10 weeks in a row and finally pulled back. We just gave up the past two weeks of gains in 5 days which is not surprising. the first down week was going to be a hefty push lower because everyone who road the train from December 2018 are going to be taking profits on the trend break. The ultimate question is what is going to happen now?</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/ndx-2.png" alt="" class="wp-image-10703" />
<p>I have covered much of my short that I put on because I do not believe this is going to go STRAIGHT BACK DOWN. No one was able to get in on this rally so in my opinion the first dip is definitely going to be bought back up. This rally was resilient and the guys who got in at the bottom need to sell it off to everyone who will be chasing. What we do know is that we have a pivot now. 7200 is now (has been really) a key level. Over 7200 you have to be long the market. Below then there is no reason yet to jump in with two feet. I believe the market pulls in some more next week and possibly the week after. From there we will need to assess...do we BTFD, or do we press the shorts back below the 200 day MA.  </p>
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@partiko ·
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
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@sfcq240788 ·
Im agree with you my friend, at my point of view i beleive that the next week it will fall back a bit more, but still this kind of formation usually goes more hight and in the next impulse does not have the chance to break the ATH, i beleive that ist a good signal to go shorts!
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