NASDAQ - Correction or further upside potential?
The Nasdaq was weaker in yesterday's trading and was still not able to break away from the 15,000 point mark. Thats why we should focus on 14849 points. I do not want to see the market drop below this level. This could be the trigger for a correction. To avert this trend, the market needs the breakout above 15216 points. This clears up the picture and we would be back on a direct course to the 15644 points region.
I can only state that yesterday's trading weakened the Nasdaq. 14849 points is the key! If the market falls below this level, the next intermediate correction can take place. If this starts now, the target would be in the range of 14,500 to 14,300 points.
I can only state that yesterday's trading weakened the Nasdaq. 14849 points is the key! If the market falls below this level, the next intermediate correction can take place. If this starts now, the target would be in the range of 14,500 to 14,300 points.
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