Nasdaq 100 – Update post dated Oct. 7th

Updated Chart here – http://schrts.co/KUKSyG

  • Up Trend red line has been crossed down .
  • There was no closing above 4895-4900.
  • MACD Daily has now been crossed down.
  • Seasonality remains bearish.

Given the abovementionned elements there is a risk of downside acceleration -especially if price goes below 50D Moving average currently  around 4800- and a retest of the recent 4630 support .

Virt Pf :

The Turbo Put bought at EUR 1,05 (based on NDX 100 @ 4865) quotes now at EUR 1,72 (NDX 100 Future @ 4790) so a 64% increase for a 1,40% on the index (Leverage when bought @ around 40 : 1,40% X 40 = Approx 64%).