NASDAQ... Oh Bear
The NASDAQ is in somewhat of a freefall state having broke down very quickly over last week and one day this week. The breakdown came after warnings with upper tails in the weekly candle, as previously warned. And then the breakdown of the weekly 55EMA.
The daily chart shows the clear indications as well as long decisive bearish candles clice through the supports.
13775 (red support line) is the immediate, albeit weak, support.
13520 (gray line) probably a better bounce support.
Daily technicals (MACD and RPM) are bearish.
It is only 12 April... not even 10 May.
The daily chart shows the clear indications as well as long decisive bearish candles clice through the supports.
13775 (red support line) is the immediate, albeit weak, support.
13520 (gray line) probably a better bounce support.
Daily technicals (MACD and RPM) are bearish.
It is only 12 April... not even 10 May.
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