Nasdaq 100 IndexShort
NASDAQ: Headed to 11,800
On a daily time frame Nasdaq is on the way of a likely breaking of the 0.2 Fibo long-term channel's support line since 2009. Afterwards comes a reversal support-resistance line at around 12250 and in case of breaking it the index could reach the 0.38 Fibo long-term channel's support at around 11,800. On a weekly time frame the previous historical high looks like the resistance of the channel since 2009.
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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.