WellTrainedMonkey

The Honey Badger Market: $NQ1 time to take money off the table

Short
CME_MINI:NQ1!   NASDAQ 100 E-MINI Futures
The last time I did a chart series was in mid-Mar warning of a bounce in the markets. Since then, markets have been on a tear and behaving somewhat like a honey badger, it doesn't care if there are still 1,000 daily Covid-19 deaths in the US, race riots and Trump reigniting the Sino-US trade wars. Maybe markets are optimistic there are only 5 more months of Trump-induced madness and you never bet against an election year and a Fed with a printing press.

Perhaps, maybe, if, but I prefer to let the weight of the evidence influence my course of action. So here goes...the Honey Badger Market chart fest!


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