NASDAQ at the end of its bull run ? WATCH OUT FOR 9.730$
Updated
Here is my thought, we might be seeing a trend reversal on the nasdaq, to be confirmed on monday by :
- An opening much lower than friday's close creating a weekly gap,
- The definite crossing of the MA20 (which has been struck on friday),
- Crossing of 1H MA200 and 4H MA50,
- Crossing of daily RSI 50 value,
- Breaking the dotted pink support line.
Next supports are
- 9500$ (Fib .236 + daily MA50)
- 8900$ (Fib .382)
- 8500$ (Fib .5 + daily MA200).
8.500$ is my objective for now.
Stop loss : 10.150$
- An opening much lower than friday's close creating a weekly gap,
- The definite crossing of the MA20 (which has been struck on friday),
- Crossing of 1H MA200 and 4H MA50,
- Crossing of daily RSI 50 value,
- Breaking the dotted pink support line.
Next supports are
- 9500$ (Fib .236 + daily MA50)
- 8900$ (Fib .382)
- 8500$ (Fib .5 + daily MA200).
8.500$ is my objective for now.
Stop loss : 10.150$
Comment
EDIT : - Crossing of 1H MA200 and 4H MA50,
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