Updated
NASDAQ trend lines, channels and fib levels
NASDAQ running strong in its trading channel. You can see it pulling away from the trend line and showing a lot of FOMO/MOMO. Still looks like it has room to run before some level of pull back.
Note
Is it going to stop at 12200? That is a key fib level of the March rally.Note
Perfect candle wick through the fib level. My guess would be a double top to test and try to get touch the 0.854 level.Note
Touched the 0.854 fib and broke down back to the 0.786 level, right on cue.
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Related publications
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.