Replies to post #19022 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

PATTERN FAILURES; nasdaq futures failing at the spike high this morning (50 ma at 1425)They are continuing to fail at any retest of the declining 50 ma (1422) and more than likely heading towards session lows. Great shorting chart! but for longs I'd be looking at other indices and not nasdaq.
We did pick up some cheaper puts though after the morning Rally failed for the second day in a row.