Nasdaq a leading indicator of Dow Jones, S&P and Russell

How to use related markets to complement each other? Definitely you can apply this technique to other related markets.

In this tutorial, I am seeing Nasdaq as a leading indicator for the rest may likely to follow.

i) Nasdaq bear trend was nicely formed, but not yet for the Dow Jones, S&P and Russell.

ii) Nasdaq in the short-term has also a confirmation for a rebound, and I believe the rest of the indices likely to follow subsequently.

Discussion:
• Drawing primary and secondary trendline
• Nasdaq has broken above, the rest should catch-up, why?

Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.

Feel free to leave any comments below, I love to exchange ideas with you.