NASDAQ just hit 2009 rally trend line resistance for the first time in 10 years.
It is no secret that the market is overbought and being motivated by reasons which are a direct cause to this over-blown rally.
Covid-19 is here to stay as second wave is running loose and a solution vaccine or cure is still at least 12 months away by minimum.
Global economy has taken a huge hit and stabilisation hasn’t been proven yet, as unemployment is growing and lay-offs in major companies and industries, such as the hotels & resorts, restaurants and almost all industries have been weakened, while others are on the verge of collapse.
Position is a short with TP at $10,000.