March 22, 2020 - Nasdaq could be forming a lower top and heading for another leg down.
The high of March 16 didn't exceed the high of March 2 and this indicates lack of strength to the upside.
Nasdaw could head lower than 12000. I have counted from the top of Feb 16 to the low March 5, a total of 17 calendar days. 17 days forward, we come to March 22, which could be the top and beginning of another leg down.
Let's monitor this .
The high of March 16 didn't exceed the high of March 2 and this indicates lack of strength to the upside.
Nasdaw could head lower than 12000. I have counted from the top of Feb 16 to the low March 5, a total of 17 calendar days. 17 days forward, we come to March 22, which could be the top and beginning of another leg down.
Let's monitor this .
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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.