NASDAQ is breaking below the strong downside resistance
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NASDAQ is breaking below the uptrend channel long-term resistance 13800. As you can see on the monthly chart, this is now marking an end of the uptrend from January 2019. We are usually the strongest and the longest at the beginning of the third downside wave.
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The weekly chart shows a medium-term falling wedge which is now being broken through and is testing the crucial 12800-13000 resistance zone. A break below this zone would lead to acceleration lower.
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