NASDAQ pulling back - for now
Updated
As per heads up given earlier, the NASDAQ stalled and is pulling back. The weekly candle is similar to a bearish harami, but should wait to see if this week continues the down draft. Am expecting a bounce around the 23-week EMA. But if it slices through, then it would be a ominous turn of events.
Technical indicators are somewhat bullish, hence expecting the bounce.
Technical indicators are somewhat bullish, hence expecting the bounce.
Comment
As expected, just TWO WEEKS later, interrim downside target hit.
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