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Nasdaq ixic index

Nasdaq Composite Index (NASDAQ:IXIC)  
RUDRA007  
NASDAQ:IXIC   Nasdaq Composite Index
Trend Analysis Technical Indicators Chart Patterns nasdaq dowjones Ascending Channel
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trendanalysis indicator chartpattern nasdaq dowjones ascendingchannel
IXIC index CMP 13550

Today index registered high around 13594 levels.
Ascending parallel channel resistance around 13580-13630 levels.
Bearish divergence on RSI, with respect to price.

Index if not able to sustain at higher levels, can give sharp reversal.

1000-1300 lower side possible as per channel structure.
Bulls time to be cautious
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