NASDAQ Weekly Analysis

By alphascala
Nasdaq is showing a battle of bulls and bears on current weekly support and waiting for positive impulse. If bulls don't hold current weekly support, we could fall to 13350, leading to more painful days for the stock market. NASDAQ would reach -20% from the top. The area of 13350 is also where the price could touch Weekly EMA 100. If NASDAQ holds the current weekly support, we could see a trend reversal.
NASDAQ 100 CFDnasdaqnasdaq100Support and ResistanceTrend Analysis

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