US Nas 100
Long

Nasdaq Analysis

327
Nasdaq price has fallen from 14900 and has broken through the centre trend line. We are now expecting the price to come to the next trend line - the lower Trendline, which is very strong and may hold its structure. if it holds, price will go back up to the middle trend line before coming back down to attempt to break lower trend line again. If lower trend line and 14520 does break we can see price come down to 14400-14330. However this is still a very bullish trend. so we can even see price bouncing from lower trend line and going back up to reach new highs .

Bulls: 14900-15100
Bears: 14520- 14330

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