NASDAQ waves, support/resistance, and trend lines

By Dr_Roboto
Updated
Looks like NASDAQ is trying to figure out if it has enough bull support to break above major resistance trend line. I was really thinking that it would do a double top retest, but the longer this drags on the more likely it looks like it will just break down as the FOMO turns to pessimism. The minimum correction will be around the 0.618 fib level.
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NASDAQ 100 CFDQQQSPX (S&P 500 Index)Trend AnalysisWave Analysis

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