High Value Holds on Monday at The NASDAQ Exchange

Quick note – the higher time frame, the big boys, the institutions, have not taken action yet at the NASDAQ.

Instead the NASDAQ remains in balance.  No victor can be declared until a decisive break away from the /NQ_F territory from about 4950 – 4920 is made:

Until then, the plan is to short sell from above value, ride the ripples back down to value and press for a break down and out of value carefully.

This is Auction Theory Trading 101 and I’m putting on a live seminar.  That does not mean I will be “right” about the overall direction of this week’s market, only that I will engage the auction thoughtfully and with a penchant for risk management.