The Nasdaq100 index could be consolidating in a narrow sideways range that usually drifts within the Senkou A/B nuage, before a consistent SELL SIGNAL gets actioned. The MACD oscillator could be useful in spotting the turn usually with Sell Signal at resistance level, Senkou A-line.
Overall NDX price/volume trendline direction will confirm a large correction -25% toward NDX 9200<9600 range
Overall NDX price/volume trendline direction will confirm a large correction -25% toward NDX 9200<9600 range
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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.