NASDAQ downside reversal in hands

NASDAQ hitting the key resistance

 

NASDAQ has been rejected from 13300 again. This is a downtrend line and a Schiff Pitchfork downside channel median line coupled with the 50% of the March-June swing lower retracement. Only a confirmed break above 13400 could invalidate the downside continuation which is at this stage highly unlikely.

Note: look for the short trade entries with the stop loss above 13400

NASDAQ downside reversal

 

 

 

 

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