By yesterday’s decline, that breaking the support area 14283 – 14216$, which confirmed the descending triangle formation, and turning the trend to downtrend, creating lower low. Hence, the remain below 14216 by today session, will lead the NASDAQ to target lower levels near to 13894 – 13521 – 13287 point on short term basis.
According to negative indicators and the strength of the selling pressure, that support the mention negative scenario.
The NASDAQ need to raise again above 14433 point, to cancel the negative scenario.
According to negative indicators and the strength of the selling pressure, that support the mention negative scenario.
The NASDAQ need to raise again above 14433 point, to cancel the negative scenario.