US Nas 100
Short

Nasdaq and S&P500 short: Update on wave counts and trade setup

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Over here, I update on the wave counts and explain why I think Nasdaq and S&P500 is once again, short opportunities. If you had try out my previous idea on 5th Aug, the maximum profit would be around 250 points on Nasdaq before the price reversed and went higher.

As traders, we are not so much concerned with being right but more on risk-reward and active trade and risk management. So I hope you would have taken your profit on that idea. The general macro and fundamental outlook remains the same as per previous video, which is why my recent ideas had been short ideas. In the near future, I foresee more short ideas too.

Anyway, I believe that the risk-reward is good this time for another short for Nasdaq and S&P500. Good luck!

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