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Nasdaq 100 Index
Short

Is this beginning of another correction in IT stocks ??

181
IT stocks are majorly dependent on US market and Nasdaq plays a major role in movement of IT index, so thought to have a look on NDX and the pattern it looking is pretty bearish. Though index is trading at support but if this index failed to hold level then we may see good selling pressure. currently there are 3 negative patterns the index is in.

1. Inverted Cup - Negative
2. Inverted flat - Negative
3. LL - Negative
TheStocktrader_Skn
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Chart PatternsTechnical IndicatorsNASDAQ 100 CFDnasdaqnasdaq100NASDAQ 100 CFDniftyitniftyitshortniftyitstocksWave Analysis

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Chart PatternsTechnical IndicatorsNASDAQ 100 CFDnasdaqnasdaq100NASDAQ 100 CFDniftyitniftyitshortniftyitstocksWave Analysis
TheStocktrader_Skn
Also on:

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.