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Wednesday, June 28, 2017

Nasdaq

On 15 Jun this blog warned of the impending correction of the Nasdaq index. Yesterday it dropped 1.6% to 6146.6, closing right at the trendline support and also the 50-days moving average. The index is at an inflexion point, it has not broke the 50-day MA and the trendline support for the last 7 months. A break below this level could signify a change in its macro uptrend to a start of a downtrend.



All posts and charts are for educational and illustration purposes only

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