US 100 Cash CFDShort
NASDAQ OVERSHOOTS IN BOUNCE-BACK
Line A is the long-term Support Line that has held since 2013. Line B indicates an emerging down-trend (in anticipation of coming interest-rate hikes, I suppose). The bounce-back from the Chinese Fall has crashed through this emerging Resistance Line, but I expect the down-trend to re-assert itself, with probability that this Resistance Line will be re-instated.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.