Get started
US Nas 100
Short

$NASDAQ - New bearish trend appearing

By fdeltenr
After the strong bullish trend of last week, the buyers have some difficulties to break the 7600 resistance. Economics news and indicators are really not good and head and shoulders is still valid as resistance of 7600 (corresponding to the top of the right shoulders) have not been broken. At the moment we are therefore still in a pullback on the head and shoulders neck line. I am confident that a new bearish wave will happen.
Chart Patternsnasdaqnasdaq100Trend Analysis
fdeltenr
Also on:

Disclaimer

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.