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Some Red, Fred: ES, NQ, Bitcoin

By Tim KnightStock MarketsDec 07, 2017 12:34AM ET
www.investing.com/analysis/some-red-fred-200271188
Some Red, Fred: ES, NQ, Bitcoin
By Tim Knight   |  Dec 07, 2017 12:34AM ET
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In spite of some nice overnight weakness, the ES has managed to shave its losses down to almost nothing (by the time you read this, it could well be green), although it has been “scalloping” its way a little lower lately………

ES Chart
ES Chart

Whereas tech-heavy NASDAQ has been somewhat more reliably weak. This potential short-term double bottom is worth watching. If we can manage to snap that green tint, tech bulls might get a little more worried.

NQ Chart
NQ Chart

Funny enough, the “safe haven” these days isn’t gold (obviously!) but Bitcoin, of all things, which roared to a lifetime high and it almost up to $13,000 now. Here’s an intraday chart:

BTC
BTC

Some Red, Fred: ES, NQ, Bitcoin
 

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Some Red, Fred: ES, NQ, Bitcoin

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