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Nasdaq 100 Index
Long

NASDAQ due for a correction

By crypt0dank
Updated

Market is over extended and MACD is looking bearish. Possible head and shoulders forming (time will tell)

NASDAQ is due for a correction to the 50, 100 or 200 day SMA. In the long run it will see a MUCH larger correction (50%+). Anyway if this isn't the absolute top before the 50%+ correction then look for support on the 50,100 and 200 day for buying opportunities.


Best of luck!
Note
When is this going to crash? In a giant bubble right now!
Chart PatternsNASDAQ 100 CFDnasdaqnasdaq100NASDAQ 100 CFDTrend AnalysisWave Analysis
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