aloni-ta

aloni-ta

Looking long term, the index now circling around a strong 5y support and resistance level and forming a triangle, tilting to bearish. Given some of the economic sentiment and the negative correlation to spx, a break to the bottom seems reasonable, till at least, the crowed will decide he had enough with technology (which is probably not long due)

aloni-ta

Price didn't break the 5670, held steady and then crash... So,Consolidation for a while?

aloni-ta

as first step, is the price will break the consolidation above 5670, it will probably set its next target 5710

aloni-ta

What do you think about this idea. am i missing something?