Nasdaq 100 IndexShort
Significant correction on the way?
This index has been in a very strong uptrend channel since Jun 2011 which is characterized by clean bum and run V shape reversal whenever it touches the support.
And only 2 major RSI bearish divergence previously are able to bring the bulls to the lower support, now that the upper resistance again rejected the advance substantiated by yet 3rd RSI bearish divergence, could this bring the bull down with a significant correction down to 3400?
It depends on Madam Y this Thursday
But right now, stay short
And only 2 major RSI bearish divergence previously are able to bring the bulls to the lower support, now that the upper resistance again rejected the advance substantiated by yet 3rd RSI bearish divergence, could this bring the bull down with a significant correction down to 3400?
It depends on Madam Y this Thursday
But right now, stay short
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.