Cart 0

Extreme ADX Reading in the E-mini Nasdaq

Posted by David Bean on

What does this extreme ADX level in the E-mini Nasdaq futures tell us? Going back 20 years to the dot com bubble, we see the ADX has been higher than this only one time and that was in 2012 at much lower levels. Even in the dot com bubble it wasn't this high.

I like a bull market. I like a trend. I even like a strong trend but the bulls are a bit carried away on this one. This tells me we are due for more two sided price action and there is no reason to believe the trend will end. There will be more short term long and short trade opportunities instead of a fixed income like buy and hold pattern that the wall street bulls wish to make permanent.

I like this setup!

Share this post

← Older Post Newer Post →

Leave a comment