THE NASDAQ MELT MACHINE
Purple zones = monthly support... Ascending trendlines are drawn on the monthly time frame... The rest is self-explanatory. Weekly trend is indicating a break below weekly support to the 3700 zone. If that happens it's game over. US markets are on the verge of becoming melt machines. Proceed with caution.
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.