Here are my core trading channels and trend lines for the NASDAQ. NDQ is currently holding just under the midline of the down channel. You can see that we had a bounce off the support of the black channel and midline of the purple channel. NDQ is still looking pretty oversold, but at a clear decision point. IMO, a retest of the recent low for support is most probable and then a test of the resistance of both the red down channel and the purple channel around 14000. We could bounce right from here to that level as the other option. A new low is always an option if we get a retest and it fails, but it is not clear that the market is ready to fall that far yet after such a big sell off the last several months.
1D
1D
评论:
4h
